Source Pravda.Ru

Moscow Gov't To Issue Eurobonds Worth 400M Euro

The government of Moscow decided to place Eurobonds worth 400m euro until the end of this year, Deputy Mayor of Moscow Iosif Orjonikidze announced to journalists today. According to him, Moscow officials have already began negotiations with investors to specify the parameters of this loan. Particularly it is necessary to determine the term of Eurobond placing. Orjonikidze also said that the Moscow government hoped to redeem these Eurobonds in 4 or 5 years. Moscow authorities are not planning to launch a large-scale presentation of its borrowing plans as in 1997. "We have a stable reputation, we do not need to be advertised. We hope that regular meetings with investors will be enough," he added.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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