CEEMEA quartet launches end-of-week raid
A host of CEEMEA borrowers were set to tap the markets either late on Thursday or on Friday. Among CIS corporates, Alrosa got its deal over the line on Thursday but Lukoil and Kazkommertsbank were yet to price. Abu Dhabi Islamic Bank, meanwhile, priced a sukuk.
Alrosa, the worlds largest diamond producer, priced a $1bn 10 year bond at the wide end of guidance late on Thursday.
Joint bookrunners JPMorgan, UBS and VTB Capital priced the Reg S/144a bonds with a 7.75% coupon at par from Wednesdays guidance of 7.5% to 7.75%.
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