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Russian funds seeking higher returns from Croatian firm's distressed debt

Published Sun, Apr 16, 2017 · 09:50 PM
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Washington

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, Croatia's biggest company.

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