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Article: From Russia, with interest Moscow plan for $500m bond issue splits financial, political analysts
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 2, 1996
- Author:
CopyrightCopyright 1996 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON -- The president is desperately ill and his staff is in
disarray. The treasury is empty because people refuse to pay taxes.
When money is available, some is spent on war and weapons of mass
destruction.
Would you lend money to these guys?
Perhaps as early as this month, you can. For the first time
since the czars roamed St. Petersburg, an independent Russia plans to
sell bonds on the world credit market.
Despite the risky political environment, the $500 million bond
offering won a fairly high seal of approval from credit rating
agencies -- higher than for Venezuela, Turkey or the District of
Columbia, and about even with US corporate junk bonds. But it has
some foreign-policy ...