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Emerging MarketsEM CEE

VAB takes second shot after investors rebuff restructuring offer

VAB Bank, the Ukrainian lender, is again asking investors to let it restructure its June 2014 Eurobond after they rejected its first offer at the start of the month. Analysts, though, said that there is no obvious need for a restructuring and that VAB's move has raised the risk that other Ukrainian issuers will try to take the same approach.

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