• ACI Russia

08/28/1998 16:58:47 Russia investors must choose debt swap by Sept 18

MOSCOW, Aug 28 (Reuters) - Russia said on Friday that

investors whose short-term government domestic debt holdings had

been frozen must decide by September 18 whether they would

accept a government plan to redeem the debt early.

Investors would also have to decide by that date what kind

of new securities -- rouble bonds or a mix of rouble and dollar

bonds -- they had chosen to invest the redeemed paper in, a

government statement said.

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