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Banking

FinMin buys back USD 160.2mn in RSTA, USD 428mn in PAR Brady bonds.

FinMin buys back USD 160.2mn in RSTA, USD 428mn in PAR Brady bonds. The finance ministry, in November concluded the accounting for the early buy-out of part of the foreign Brady RSTA (Collateralised RSTA Bonds) and PAR (Collateralised Par Bonds). Within the confines of this operation, bonds worth a total of USD 588.2mn were bought back, including USD 160.2mn in RSTA bonds and USD 428mn in PAR bonds, the ministry announced in a communique on Friday. The ministry also reported that USD 288.4mn worth of RSTA bonds and USD 316.7mn worth of PAR bonds remain outstanding. As a result of the ministry's hitherto management of the State Treasury debt, the sum outstanding in Brady bonds, issued within the confines of the realisation of the agreement with the London Club, has fallen from around USD 8.0bn at the end of 1994, to around USD 0.6bn, the ministry said. ISB

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