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Bashkortostan Bond.

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  • Marat Devlet-Kildeyev
    Bashkortostan Bond MOSCOW (MT) -- Bashkortostan has issued 1 billion rubles ($30 million) in bonds, its first placement since the 1998 crisis. The bonds, which
    Message 1 of 1 , Nov 30, 2001
      Bashkortostan Bond
      MOSCOW (MT) -- Bashkortostan has issued 1 billion rubles ($30 million) in
      bonds, its first placement since the 1998 crisis.
      The bonds, which were sold at a 19.25 percent yield to maturity, began
      trading on the MICEX on Thursday, said the issue's lead arranger,
      Renaissance Capital.
      The issue was co-organized by Bashkreditbank, Avtobank and Trust and
      Investment Bank. Rosbank, Promstroibank St. Petersburg, NIKoil and Zenit
      bank were joint lead managers.
      The issue has a B rating from Standard & Poor's, and Bashkortostan has a B
      rating from S&P and B3 from Moody's.
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