Panic selling hits Russia complex, future of Rusal bonds unknown

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By Jon Hay, Virginia Furness
11 Apr 2018

Panic selling has hit the Russia bond complex with investors dumping securities as they race to reduce their exposure to the country for fear of further sanctions.

For holders of Rusal’s bond, the immediate problem is how to get rid of their exposure before the May 7 sanctions deadline. With the full reach of the proscription unknown, many dealers are unwilling to make markets in the bonds.

“No one knows how to get ...

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