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LUKoil petrol station: backing out of |
PRESIDENT VLADIMIR PUTIN hosted a glitzy reception in the Kremlin in February to celebrate Gazprom’s 10th anniversary. But the dinner for CEOs past and present paled in comparison to the boardroom revelry that must have followed a week later when the management of Russia’s biggest company issued a $1.75 billion corporate Eurobond, the biggest in emerging-market history.
Investors couldn’t get enough of the state-owned gas producer’s paper.
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