CEE Bonds
-
Slovenia has released guidance for a pair of euro taps following the expiry of a tender offer for its outstanding dollar issues on Tuesday afternoon. -
Energa priced its first eurobond for four years at the tight end of guidance on Tuesday after attracting more than €1.25bn of orders.
-
Gulf issuance dominated the picture in the CEEMEA bond market during the first half of the week as Oman brought the year’s first bumper sovereign deal from the region and two UAE borrowers boosted supply.
-
The first corporate bond of the year from central Europe received a warm welcome from investors on Tuesday, allowing the issuer — Poland’s Energa — to tighten pricing twice.
-
Russian Railways saw strong demand from international investors for a new Eurorouble note on Monday, with Asian accounts taking an unprecedented one-third of allocations.
-
Russian Railways marked the end of the national holiday in its home market by emerging with pricing for a new seven year Eurorouble note on Monday.
-
Yapi Kredi took advantage of pent-up demand for Turkish bank paper to hammer down pricing on the first Eurobond from the sector for more than four months this week.
-
-
Three Central and Eastern European (CEE) issuers are lining up trades, as supply from the region begins to ramp up. Slovenia, the Slovak Republic and Polish corporate Energa SA all plan to bring euros in the near future.
-
Russian Railways lived up to a reputation for aggressive pricing on Wednesday, printing a new seven year dollar benchmark comfortably inside its existing curve.
-
Yapi Kredi reopened the Turkish financial bond market on Tuesday, garnering a $1.2bn book that was sticky enough to allow the issuer to tighten pricing 37.5bp — good news for the $3.7bn worth of Turkish financial senior bonds that will need refinancing this year.
-
This week has seen the reopening of sovereign bonds from the Gulf region and Turkish bank debt, with Bahrain and Yapi Kredi both printing successful trades on Tuesday.
