Japanese Investors Bet on Russia Rate Drop With Zero-Coupon Bond

Investors in Japan are embracing a new structure for ruble-denominated notes, buying long-term zero-coupon bonds betting interest rates in Russia will fall. Some 3.5 billion rubles ($97 million) of 15-year uridashi notes that are issued at a discount and pay no interim interest have been sold to…

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Japanese Investors Bet on Russia Rate Drop With Zero-Coupon Bond

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