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Corporate Bonds

Eurochem launches $750m 2017s; could signal return of second tier names

Russian fertiliser company Eurochem has launched its $750m five year bond at 5.125%, the tight end of 5.375% yield area price guidance. One analyst in London said that if the note traded well, it could encourage the return of a large swathe of other second tier Russian corporates to the Eurobond market.

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