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Published on 2/25/2010 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Russia's Alliance Oil withdraws planned benchmark global bond offering

By Paul A. Harris

St. Louis, Feb. 25 - Moscow-based Alliance Oil Co. Ltd. (/B+/B) withdrew its benchmark-sized Rule 144A and Regulation S offering of dollar-denominated five-year global bonds due to market conditions, a buyside source told Prospect News on Thursday.

BNP Paribas, Credit Suisse and JPMorgan were leading the deal.


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