Russian funds play vultures with Croatia's distressed debt

Publikuota: 2017-04-14
Agrokor logo is seen at the company's headquarters in Zagreb, Croatia, March 22, 2017. REUTERS/Antonio Bronic
Agrokor logo is seen at the company's headquarters in Zagreb, Croatia, March 22, 2017. REUTERS/Antonio Bronic
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Russian investors are taking the global hunt for yield to the extreme.

Priced out of their own bond market by investors fleeing sub-zero yields in Europe, local banks and wealthy Russians are seeking out higher returns from the distressed bonds of Agrokor d.d., Croatia’s biggest company. Trading at about a third of thei ...

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