Europe
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Russia and western investors are unlikely to see eye to eye on what constitutes default as coupon date passes -
Bankers disagree over whether last buying days of Pepp will prompt rash of deals
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EU sanctions mean rating agencies can no longer rate Russian borrowers
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Short dated deal attracts rare insurance and corporate investors
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Other Dutch covered bond issuers likely to follow suit
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The quality of demand was good but subscription ratios were low
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The cost of funding was tighter than what the borrower could have expected had it issued in euros
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Rouble payment clauses will protect against CDS triggers, but they do not apply this week
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At least one investor confident payment will still be made despite lack of communication
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Supranational reopens SSA Kangaroo with short dated deal
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Major shareholder reduces stake in Spanish pharmaceuticals company
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IPO relaunch described as 'ballsy' as company plays up lack of reliance on Russia revenue
