Russia, CIS & Europe Credit Markets Brief: June 6 - June 20

Russia shelves panda bond plans, wants to tap Eurobond market – Norilsk Nickel issues US$500mn Eurobond – Polymetal extends US$400mn bond maturity with Sberbank for 7 years – Peresvet Bank prepares partial bail-in – Sberbank intends to develop Islamic finance instruments – 5x oversubscription seen on RusHydro’s 3-year RUB10bn bond – Mechel discloses list of Western creditors – Tinkoff launches US$300mn perpetual Eurobond – Kazakhstan prepares for Kazkommertsbank takeover by Halyk Bank – Poland’s Echo Investment raises PLN100mn on bond markets