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  • ECM investors continue to support Russian deals and flooded into a Rub5.8bn ($89m) block in LSR Group, the Russian real estate development company, in what was the latest sell-down by one of the country’s oligarchs.
  • A recent resurgence in Russian ECM has gathered pace with the announcement of two IPOs in London and the US, as oligarchs seize the opportunity of a better equity window. Rustranscom (RTC), the Russian freight transportation company, joined this wave after it filed paperwork for a London listing of global depository receipts on Monday evening.
  • Société Générale has appointed a new group country head for Russia, replacing Didier Hauguel, who is stepping down to focus on charity work.
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    The Slovak Republic kick-started its 2019 international bond issuance on Tuesday, printing a €1bn 11 year, drawing a book of over €5bn. It paid a “minimal” new issue concession, according to lead managers.
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    Turkey’s ruling party AK was victorious in Sunday’s local elections, although polling poorly in major cities — a result that investors think will hasten economic reform.
  • The European Bank for Reconstruction and Development plans to raise its new investment to more than €10bn in 2019 for the first time in the bank’s history, after suffering a fall last year as it took a hit to its profits. By Phil Thornton.