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Oshchadbank Postpones Eurobond Issue to 2008

Oshchadbank Postpones Eurobond Issue to 2008

14 August 2008

The head of state-run Oshchadbank, Anatoliy Guley told the weekly Business magazine that the bank plans to tap foreign markets for USD 100 mln by the end of the year and that it now intends to place a Eurobond issue in 2008, contrary to previously announced plans to release Eurobonds this year.

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