Bondholders fearful of writedown as CBR takes over Bank Otkritie

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Bondholders fearful of writedown as CBR takes over Bank Otkritie

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Moscow,Russia,Red square,view of St. Basil's Cathedral | Reidl - Fotolia

Bank of Russia (CBR) has stepped in to help stricken Otkritie, in what is the first bail-out of a systemically important bank in Russia, and arguably the largest Russian bank failure in history.

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