Russia’s first international bond sale since defaulting in 1998 is driving borrowing costs to record lows for companies from OAO Gazprom to VTB Group, the nation’s second-biggest bank. The government plans to sell bonds due in 2015 at about 125 basis points, or 1.25 percentage point, more than similar- maturity U.S. Treasuries and 2020 notes at a premium of about 135 basis points, according to two people with knowledge of the deal.
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