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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (4473)	8/28/2001 7:34:08 AM
From: Louis V. Lambrecht	Respond to of 33421

Ray! OK, I would like to be less cryptic about those imperial bonds, but I have no evidence to make my point. I can only talk from memory, and for two countries only: Belgian Russian bond holders never saw one kopec, whereas some French holders (and they had to manage jumping on the list) got a dividend back at the same time France was negociating a help package with Russia. It is my understanding that Russia still uses these imperial bonds as a bait when they go fishing for international funds.