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Moscow


linked notes.
Finance Minister Hans Eichel has come under fire for paying a high coupon on the CLNs, while investors have driven their yields down towards lower levels for regular German public debt.
"My personal opinion is Aries debt is already German debt. So to me it looks 145 basis points too cheap," said Simon Treacher, fund manager at Blue Bay Asset Management in London. --SP 2131 Local Time 1831 GMT

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