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Sberbank, Russian Agricultural Offer Dollar Bonds as Yields Drop

OAO Sberbank, Russia’s largest lender, and OAO Russian Agricultural Bank are offering dollar bonds after borrowing costs for emerging-market issuers fell.

Sberbank is marketing $1 billion of 10-year securities redeemable in five years and Russian Agricultural Bank is selling $500 million more of its July 2018 bonds, according to people familiar with the transactions, who asked not to be identified because the information is private. OAO Gazprom, the world’s biggest producer of natural gas, was planning to meet investors this week about a euro-denominated offering, a person with knowledge of the deal said.