CEE Bonds
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Russia sovereign heads towards default
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The approach to sanctions gave the Russian government the opportunity to present itself as a debtor that will keep on paying against the odds
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The municipality is the first Turkish non-sovereign issuer since mid-January
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Russia had been meeting Eurobond obligations but its latest payments have not gone through
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Investors said Russia's move was smart, and non-sovereign issuers may follow its lead
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Emerging market appetite to return as Swiss risk sentiment shifts
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Pledge to avoid coal spending brings new technique to Europe
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Size of coupon too small to trigger cross-default
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Investors face leaving roubles in Russian bank accounts if they accept the offer
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Investors will need to take note of a coal business and links to Russia
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Recent burst of new issuance could prove to be false dawn
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Investors believe it unlikely noteholders will lobby the bank to get the steel firm’s payment sorted