Russian reopening stamps bond as emerging market benchmark

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Russian reopening stamps bond as emerging market benchmark

October 24, 1997 12:00 AM

THE RUSSIAN Federation this week confirmed its status as one of the world's pre-eminent emerging market issuers with the launch of a $400m increase to its $2bn 10% 10 year Euro/144A offering launched in June. Despite volatile market conditions the bonds sold smoothly.

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