Banks, sovereigns and sukuk pick up the pace

CEEMEA markets are gaining pace after Presidents’ Day in the US meant the week started slowly. Sberbank picked up a Swiss franc deal arranged by Credit Suisse, UBS and itself, and is set to return for the first Russian Euro-Turkish lira deal later this week. HSBC, JP Morgan and Sberbank are lead managing the Eurolira trade. Rival syndicate officials question how much demand there will be for a Russian name in another emerging market currency, but others say the search for yield will allow it to print.