Russia Ignatyev: No Longer Holds Fannie, Freddie Bonds-Report
30 January 2009 - 10:53PM
Dow Jones News
Russia's central bank no longer holds bonds issued by U.S.
lenders Fannie May (FNM) and Freddie Mac (FRE), the Interfax news
agency cited Chairman Sergei Ignatyev as saying Friday.
"We've sold them, there's nothing left," Ignatyev said. "We
didn't lose anything - we made a profit."
The central bank had held as much as $100 billion in Fannie and
Freddie debt at one stage, but had been gradually reducing its
exposure.
Agency Web site: www.interfax.ru
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