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Getting the Currency Recipe Right: "This approach could signal where international investors stand on rubles vis-a-vis euros when it comes to secured product."

Russia's Gazprombank was roadshowing its second cross-border RMBS last week. On the face of it, not too exciting. But its structure has a tweak from the debut deal, one that should pique the attention of global players across emerging markets.

Now sized at 170.5 million-equivalent ($229 million), the senior...

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