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Fixed Income Daily: The market continues to wind down approaching year-end with the RU30 moving almost lock-step with the UST

17/12/2004 | B&N Bank
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Russia is an extremely large and vast country, but we have been reminded that
Houston does not fall within its territorial boundaries.

The market continues to wind down approaching year-end with the RU30 moving
almost lock-step with the UST.

Rumours that DB may buy into VTB have helped their bonds, but I find it hard to
believe that this is a near-term event. Hard but not impossible.

We closed the Ritzio deal at $45 million. One year, 12.75%. ISIN will be
available later today.

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