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Russian cbank zero-rates Mechel bonds as collateral
November 14, 2013 / 8:55 AM / in 4 years

Russian cbank zero-rates Mechel bonds as collateral

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.

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