CEE Bonds
-
Turkish bond prices were unmoved after the country's president, Recep Erdogan, scraped a narrow victory in Sunday’s constitutional referendum. -
Russian fertiliser producer Phosagro will meet investors from Thursday for its first Eurobond since 2013.
-
Poland’s largest covered bond issuer and national champion, PKO Bank Hipoteczny, has mandated leads to roadshow a prospective zloty-denominated covered bond benchmark.
-
Risk appetite propelled CEEMEA into a bullish second quarter with nearly $16bn of bonds printed in Easter week. Saudi Arabia led the charge with a $9bn sukuk, but demand for duration played into the hands of KazMunayGas which raised $1.25bn of 30 year debt.
-
Two large emerging market corporates were out with multi-tranche deals on Tuesday, Kazakhstan’s state owned oil company and Abu Dhabi sovereign investment fund Mubadala.
-
Stellar funding conditions in emerging markets enabled Romania to print 10 and 18 year debt at record low yields on Monday.
-
Romania was offering a 20bp new issue premium for both a new 10 year euro bond and a re-opening of its existing 2035s on Monday morning, according to a lead banker.
-
Representatives from Russia’s Ministry of Finance met with several investment banks in London last week, as the sovereign sought to persuade them to work on its next bond deal.
-
After a successful sale of €250m of seven year covered bonds in January, the Republic of Slovakia’s largest issuer, VUB, is now preparing for a 10 year sale, where it expects to issue €250m covered bonds in an auction on April 20.
-
-
Croatia’s parliament passed an emergency law on Thursday to deal with the default crisis at Agrokor, the sprawling food and agriculture group that is the country's largest private company.
-
Russian borrowers are wasting no time in dealing with $7.3bn of their corporate bonds about to come due.
