CSFB raises $200m from Russian telco risk trade as sentiment starts to improve
Credit Suisse First Boston on Tuesday completed the largest ever Russian risk trade when it sold a $200m block of Mobile Telesystems for Deutsche Telekom.
CSFB bought the stock on Monday evening and marketed it at a fixed price of $40.50, a 9% discount to the close in New York.
Deutsche Telekom agreed to sell the stock after the MTS share price reached an all-time high earlier in the day.
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