Central and Eastern Europe (CEE)

An undisclosed shareholder has sold $114m of shares in Mail.ru, the Russian internet services company. The sale came a month after the company's co-founder Dimitry Grishin placed 4.7m global depositary receipts with institutional investors in a block trade, after numerous reverse enquiries.

Energo-Pro became the latest high yield corporate to join the recent run of supply from central and eastern Europe on Thursday, increasing the size of its debut deal after a decent bookbuild allowed it to raise an additional €20m.

Bulgarian insurer Eurohold has set the minimum size of its five year bond to €50m but postponed pricing from Wednesday to Thursday to allow more orders to come in.

The inaugural issuance of Baikal bonds — denominated in renminbi and issued in Russia — has come closer this week as the Russian Ministry of Finance toured Hong Kong and Mainland China on a non-deal roadshow, sources told GlobalRMB.

Norilsk Nickel, the Russian nickel and palladium producer, is in the market for over $1bn through a syndicated loan. The facility is unsecured, and pricing has been driven down to pre-sanctions levels, showing the risk appetite for Russian credits is on the rise.

Bulgarian insurer Eurohold has released initial price thoughts for a five year bond of up to €100m.

In what is turning out to be a busy week for block trades, shareholders in Etalon Group, one of Russia's biggest residential property developers, are tonight selling a 10% stake in the company worth $109m, in the form of London-listed GDRs.

Russian energy company Gazprom has signed a €1bn loan in Tokyo with a trio of banks, adding to its repertoire of funding tools this year.

Moscow Exchange (MOEX) on Monday expressed its intention to be recognised as a third-country trading venue under the Markets in Financial Instruments Directive II (MiFID II), listing some of the steps it has taken to become compliant.

Globalworth Real Estate Investments, the Aim-listed real estate investment trust focused on Poland and Romania, is pushing ahead with its proposed €300m capital increase, after securing the backing of several cornerstone investors.

The Russian loan market is moving towards more unsecured deals with Russian paper company Ilim signing the fourth unsecured deal this year, for $500m.

The Republic of Turkey is planning to use yen to round off its funding for the year, and has named three leads to arrange the deal.