Taking stock of Russian equities
VimpelCom comes to the Big Apple
Even the signing ceremony was unusual in this most unusual of deals. Elated by having successfully achieved the largest-ever debut Eurobond for a sovereign credit a $1 billion five-year issue Russian officials in their enthusiam insisted on organizing and paying for the celebrations. This was a thank you, they said, to the international banks, which could hardly be said to have done badly out of the deal and which might normally have been expected to foot the bill for the pleasantries.
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