RUSSIA

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July 16, 2008 Moody's Upgrades Russia's Government Bond Rating from Baa2 to Baa1.
December 5, 2007 "The Economic and Political Outlook for Russia." Presentation by Anders Aslund, Senior Fellow at the Peterson Institute for International Economics at EMTA's Annual Meeting.

EMTA Annual Meeting Sell Side Panel - Market Views on Key Variables for 2008.

November 29, 2007 Anders Aslund, Senior Fellow at Peterson Institute for International Economics, to Deliver Keynote Address at EMTA's Annual Meeting on Wednesday, December 5, 2007. CLICK HERE to Register.

"Russia’s Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed" by Anders Aslund Is Now Available - CLICK HERE for more information.

April 19, 2007 "Putin's Political Legacy: Stability or Sclerosis?" Presentation by Larry Brainard, Trusted Sources, at EMTA Spring Forum.
September 15, 2006 Russian Ministry of Finance Announces Second Tranche of Former USSR FTO Debt Exchange Has Been Launched.
September 4, 2006 Standard & Poor's Upgrades the Russian Federation's Long-Term Foreign Currency Rating to BBB+.
August 22, 2006 Standard & Poor's Upgrades Aries Rating to AAA Following Russian Paris Club Prepayment.
July 31, 2006

Russian Ministry of Finance Announces Second Tranche of Former USSR FTO Debt Exchange.

July 25, 2006 Fitch Upgrades Russia's Foreign Currency Rating to BBB+.
December 15, 2005 Standard & Poor’s Upgrades Russian Long-Term Foreign Currency Rating to BBB.
August 3, 2005 Fitch Upgrades Russia to BBB.
May 20, 2005

New and Amended Russian Ruble Rate Source Definitions Announced by EMTA, ISDA and the FXC.

May 13, 2005

Paris Club Accepts Russia's Offer to Prepay US$ 15 Billion of Its Debt.

May 3, 2005 EMTA publishes standard terms (and related documentation) for Russian Ruble/U.S. Dollar non-deliverable foreign exchange transactions, and in conjunction with the Chicago Mercantile Exchange updates the methodology for the daily CME EMTA Reference Rate.
  • Click Here for NDF Market Practice 35
  • Click Here for the RUB/USD Template Terms for Non-Deliverable FX Transactions
  • Click Here for updated CME/EMTA Reference Rate Methodology
  • Click Here for EMTA RUB Indicative Survey Rate Methodology
January 31, 2005 Standard & Poor’s Upgrades Russian Long-Term Foreign Currency Rating to Investment Grade.
November 18, 2004 Fitch Upgrades Russia to Investment Grade.
June 24, 2004 S&P Issues Report on Aries Vermogensverwaltungs GmbH, Russian Federation Sovereign Credit-Linked Notes.
April 12, 2004 EMCA Letter to Russian Government Officials Regarding FTO Debt.
May 23, 2003 EM Sovereign Bond Documentation Charts for Brazil, Mexico, South Africa and Uruguay, as well as for 2000 Ecuador and Russia.
October 25, 2002 For Information on the FTO Trade Debt Restructuring, visit the Russia Ministry of Finance Website at www.minfin.ru/ex_debt/debt.htm.
March 18, 2002 FTO Debt Exchange Materials Now Available. Eligible Holders May Obtain Documents from EMTA by Clicking Here or Calling 646-637-9100.
February 4, 2002 "Truth and Confidence," Presentation by Igor Kostikov, Chairman of the Russian Federal Commission for the Securities Markets at a Special EMTA Meeting.
January 16, 2002

Igor Kostikov, Chairman of the Russian Federal Commission for the Securities Market, to Speak at Special EMTA Meeting on February 4.
CLICK HERE to Register.

September 7, 2000

Russia Announces that Over 99% in Aggregate Amount of Prins and 98% in Aggregate Amount of IANs were Tendered in its Exchange Offer.  Contact UBS Warburg by September 13, 2000 in Order to Participate in Extension.

August 28, 2000

EMTA Announces Multilateral Net Delivery Facility for Negative Accrued Period Claims.

August 23, 2000

Market Practice for Russia 2010 Bonds Now Available.

Transfer Certificates for Transfers Between the Reg S and 144A Branches of Russia and Ecuador Bonds Now Available.

August 22, 2000

WI Trades of Russia Bonds Should Settle on August 30, 2000 with 150 days of Accrued Interest from March 31, 2000 to August 30, 2000.

August 18, 2000

Market Practices Now Available for (1) Negative Accrued Period Claims for Russia Prin Trades, (2) Participation Deliveries for Russia Prin Trades and (3) Failed Deliveries of Russia Bonds Prior to the Expiration Date of the Russia Restructuring Offer and Failed Deliveries of Ecuador Bonds Prior to the Expiration Date of the Ecuador Exchange Offer.

August 14, 2000

Russia's Finance Ministry Has Announced that it will Continue to Accept Letters of Transmittal in Connection with its Offer to Exchange Outstanding Prin and IAN Debt for New 10- and 30-Year Eurobond Debt Until Thursday, August 17, 2000, at 5:00 P.M. (London Time) in Order to Allow Creditors Additional Processing Time. The Exchange Offer is Still Expected to be Completed, as Previously Scheduled, on Friday, August 25, 2000.

August 11, 2000

Revised Draft Market Practices for Failed Trades of IANs and Ecuador Bonds, and Draft Market Practices for Claims in Respect of Russia Assignment or Participation Trades Settled During the 'Negative Accrued Period' and Delivery Obligations under Existing Russia Participations are being Distributed for Comment.
Please contact Aviva Werner with any comments ASAP.

August 9, 2000

WI Trades of Russia 2010 Bonds -- Important Clarification on the Delivery of Settlement Instructions into the Clearing Systems.

August 8, 2000

Draft EMTA Market Practice for Failed Trades of Russian IANs and Ecuador Bonds Distributed for Comment.
Please contact Aviva Werner with any comments ASAP since the Market Practice is expected to be finalized no later than August 11, 2000.

July 26, 2000

EMTA Recommends Market Practices for W/I Trading in 2010 Russian Eurobonds Pre- and Post-July 13, 2000.

July 20, 2000

Russia Requests Prin Holders to Stop Trading on Friday, July 28, 2000, and to Settle any Trades of Prins no Later than Thursday, August 3, 2000.

July 13, 2000

Clarification Memorandum on Settlements of Russia WI Trades of 2010 and 2030 Eurobonds After the Closing Date of Russia's Exchange Offer.

June 1, 2000

Bank of America Announces New Interest Period (June 2, 2000 - December 4, 2000) for VEB Restructured Loans, with 7.9375% Interest Rate for USD Loans.

May 26, 2000

EMTA Announces Current & Historical CME/EMTA Ruble Rates Now Available on the EMTA Website.

April 17, 2000

EMTA Recommends Market Practices for Options on Tendered Russian Prins Relating to the Treatment of Interest Payments.

 

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