Me­tal­loin­vest-Cyprus.

Kathimerini English - - Focus -

rollover, T-bill hold­ers re­new their po­si­tions in­stead of get­ting paid on the ma­tur­ing pa­per they hold. The sale’s bid-to-cover ra­tio was 1.30, un­changed from a pre­vi­ous auc­tion on Oc­to­ber 12. The set­tle­ment date is to­mor­row.

Rus­sian ty­coon Alisher Us­manov and his part­ners will trans­fer the re­main­ing hold­ings in iron ore pro­ducer Me­tal­loin­vest back to Rus­sian en­ti­ties from over­seas af­ter Pres­i­dent Vladimir Putin urged busi­ness­men to bring their as­sets home. Us­manov, Rus­sia’s third-rich­est man who is also a ma­jor share­holder in Arse­nal soc­cer club in Eng­land, ini­tially re­sponded to Putin’s ef­forts to en­cour­age busi­ness­men to “de-off­shore” their as­sets in late 2014, when he trans­ferred the con­trol­ling stake in Me­tal­loin­vest to Rus­sia from Cyprus.

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