Central and Eastern Europe (CEE)

Agrokor, the debt-ridden Croatian food conglomerate, has posted a breakdown of its debt, three days after Standard & Poor's downgraded it from CC to Selective Default.

Turkey’s QNB Finansbank has released initial price thoughts for a five year dollar trade, as investors grappled with how to price in Aa3-rated Qatar National Bank's ownership of the Turkish borrower.

Crisis-hit Croatian conglomerate Agrokor will not go bust, the country’s central bank governor insisted in an interview with GlobalMarkets as he said the debacle highlighted the risks of firms building up bad balance sheets.

Turkey's QNB Finansbank hit the road for a one day marketing exercise on Wednesday to sell a new senior dollar benchmark sized bond, for which leads are likely to open books on Thursday.

The emerging market bond pipeline remained strong this week with Turkish lender Finansbank the latest CEEMEA name to join the fray, after the borrower announced a one day roadshow for Wednesday. Meanwhile, Latin American borrowers are beginning to encounter some investor push-back.

It's time for a Russia comeback. The sanctions remain as firmly in place as ever, and banks and investors have been clamouring for deals. But now, at last, compliance has caught up - and that means a bonanza for borrowers awaits.

Creditors of Agrokor have until June 9 to submit claims for repayment to the government-appointed bankruptcy commissioner Ante Ramljak, the company said on Monday.

Turkey’s Garanti Bank this week signed a $1.35bn loan from 38 banks, in what could be one of the last financial institution deals to come from the region in the spring funding round.

Legislators in the Czech Republic and Austria are in the process of updating their covered bond laws and Lithuania has set out its intention to introduce a framework.

Agrokor’s largest creditors, VTB Bank and Sberbank, have made provisions for losses on the loans they have provided to the struggling Croatian food company.

Turkey’s bank loan refinancings are still in full swing, with Yapı Kredi having signed a deal for $1.36bn and Garanti Bankası mandating 19 banks.

Metalloinvest, the Russian steel manufacturer, and Acron, the fertiliser producer, have both signed syndicated loans. They are soon to be followed by another Russian deal, for aluminium company Rusal, according to a banker looking at the deals.