International Bonds to Enter Russian Market Next Year

Bonds of international financial organizations will emerge on the Russian market in the first half of 2003, Chairman of the Russian Federal Securities Commission Igor Kostikov announced at a press conference in Moscow today.

According to the official, they are working on joint projects for the introduction of bonds of international organizations to the Russian market now. These will be bonds issued by such organizations as the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, the International Finance Corporation and the World Bank.

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