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Vneshtorgbank effected the second public placement of ruble-denominated discount bonds

25 April 2002

The price on the placement of Vneshtorgbank series-two ruble- denominated discount bonds at auction came to 74.06% of face value, a bank press release reports. The release says that the auction on the Moscow Interbank Currency Exchange (MICEX) placed the entire one-billion- ruble bond issue. Bids totaling almost 1.588 billion rubles were taken. Thus demand exceeded offer by 58.7%.

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