Russian cbank zero-rates Mechel bonds as collateral

MOSCOW Thu Nov 14, 2013 3:52am EST

MOSCOW Nov 14 (Reuters) - Russia's central bank said on Thursday that bonds issued by mining group Mechel would be zero-rated as collateral, effectively ruling out their use in refinancing operations.

In a one-line statement, the central bank said that a coefficient applying to Mechel's bonds as collateral would be zero with immediate effect. Mechel had no immediate comment.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.