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Corporate Bonds

Russian Railways taps for $400m; rouble talk expected to tighten

Russian Railways priced a $400m tap of its $1bn 5.7% March 2022s on Tuesday with only a 5bp new issue premium amid strong demand for high grade EM corporate risk. Price guidance for a tap of the borrower’s Rb25bn 8.3% April 2019s is expected to be tightened later today.

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