Banks preparing for the opening of Russia’s bond market to foreigners are loading up on ruble debt, driving yields to the lowest on record and spurring the best monthly gains among the largest emerging markets. The Treasury sold 13.5 billion rubles ($434 million) of so- called OFZ bonds due April 2017 yesterday at an average [...]
Best of BRICs bond rally in Euroclear Countdown: Russia credit
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RZD okays sale of 25% in Freight One
The board of directors of Russian Railways (RZD) has given the green light to the sale of a 25% stake in major rail freight operator Freight One to Vladimir Lisin’s Independent Transport Company, the rail monopoly said in a statement. A 100% stake The Independent Transport Company already owns a 75% stake in Freight One, [...]
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Russian Railways and Peugeot Citroën sign shareholders’ agreement on logistics company GEFCO
Vladimir Yakunin, President of Russian Railways, and Philippe Varin, Chairman of the Managing Board of Peugeot S.A., have signed a shareholders’ agreement on GEFCO SA, the parent company of the international logistics group GEFCO. The agreement was signed in Paris on Tuesday, 27 November 2012, and will define the relationship between the future shareholders in [...]
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EBRD invests in Ukrainian sugar beet sector
The EBRD is continuing to support Ukraine’s agribusiness sector, which accounts for a quarter of the Bank’s portfolio in the country. The latest transaction is aimed at the acquisition of a minority stake in the Ukrainian operations of London-based group ED&F Man, one of the world’s leading merchant houses specialising in the handling, processing, marketing, [...]
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EBRD’s largest nuclear safety project reaches important milestone
A major step towards ensuring the long-term safety at Chernobyl Nuclear Power Plant has been achieved with the successful completion of the first lifting stage of the New Safe Confinement. Covering the destroyed Unit 4 When fully assembled the New Safe Confinement structure will have a span of 257 metres, a length of 164 metres, [...]
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MegaFon IPO book covered, big order sighted: sources
Books on the international stock market float of MegaFon, Russia’s second-largest mobile phone firm, were covered on Monday a day ahead of time, helped by a large order from a global investment fund, sources said. “The book is oversubscribed,” said one source close to the deal, adding that the initial public offering appeared likely to [...]
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Daimler Trucks and Kamaz Intensify Partnership
As part of their strategic partnership, Daimler’s commercial vehicle division and Russian truck manufacturer Kamaz have signed a contract covering the supply of engines and axles for the Russian company’s trucks and buses. As a result, Kamaz will now receive OM 457 truck diesel engines and M 906 bus natural gas engines. The contract also [...]
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