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State Bonds Via Euroclear

Investors in Russia's ruble-denominated government bonds should be able to settle transactions through Euroclear Bank by the second half of next year, Federal Service for Financial Markets chief Dmitry Pankin said Tuesday.

President Dmitry Medvedev is likely to sign a law allowing the creation of a central depositary by the end of the year, and regulations will be in place allowing the bonds, known as OFZs, to be traded via Euroclear about six to nine months later, Pankin said

(Bloomberg)

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