Sberbank $1bn wraps up busy CEEMEA week
Bankers are unlikely to see an immediate repeat of last week's levels of CEEMEA primary bond activity, which was capped by an opportunistic Sberbank issue on Thursday night. Apart from that name, Russian Agricultural Bank, Baghlan Group, the Republic of Turkey and the Islamic Development Bank all issued notes in the international bond market.
A syndicate official working on Sberbank's $1bn seven year note said that the deal was not earmarked specifically for the purchase of Turkey's Denizbank.
Dexia agreed to sell its Turkish unit to Sberbank earlier this month, as part of conditions attached to Dexia's rescue by Belgium, France and
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