A bubbling pipeline of imminent deals for a variety of emerging market corporate and financial institutions is set to flood the bond markets in the coming weeks. These include an exchange offer for Evraz and new deals for Tinkoff Credit Systems — Russia’s only pure credit card lender, Renaissance Financial Holdings Limited, Promsvyazbank, and Turkish Garanti Bank.
Emerging market demand continues to be strong despite the persistent tensions in the Middle East and issuers say they are now ready to let these trades fly.
Many of them have 135 day restrictions with regards to the issuing of bonds after reporting financial results. And,