The UBS Warburg investment bank has placed bonds for $400m that can be exchanged for shares of the YUKOS oil company, Oleg Pavlov, head of the corporate finances department of UBS Warburg, told an RBC correspondent. He specified that the placing of the bonds had been completed on December 10 instead of December 12, as planned earlier. Pavlov noted that they had been more than five times oversubscribed. The bonds were placed according to rule S with listing on the Luxemburg stock exchange.
The Americans came to realise that they would have to either leave the region or weaken their presence there. It is Russia that is filling the vacuum now