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Emerging Markets

Russia Federation: the book breakdown

The book for Russia’s $6.96bn-equivalent bond, which priced on Monday night, amounted to $16.5bn in total, with the 10 year dollar tranche absorbing the lion’s share of appetite. There was demand of $6.2bn for that $3bn slice. The deal was in total the largest CEEMEA transaction of the year, split across three dollar pieces and one euro.

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