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. Last Updated: 07/27/2016

GKO Conversions End




MOSCOW -- The Finance Ministry has finalized the conversion of "frozen" GKO T-bills, Interfax reported Monday.


Interfax quoted Bella Zlatkis, the head of the ministry's securities department, as saying the ministry had processed investor applications filed since a government resolution extending the process of converting more than 10 billion rubles ($368 million) worth of GKOs at face value took effect.


The Justice Ministry is registering a government instruction on the opening of investment accounts for investors who have not had their GKOs converted.