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The government exchanged $405.8 million of so-called FTO debt, or Soviet commercial debt, for cash and eurobonds maturing in 2010 and 2030, the Finance Ministry said Thursday.
The swap settled Russia’s obligations for Soviet-era commercial debt, the ministry said. Russia offered debt holders $262.9 million in cash, $5.1 million of 2010 bonds and $307.5 million of bonds due in 2030.
(Bloomberg)
