CEE Bonds

Republic of Poland laid its euro ghosts to rest on Wednesday with a $750m tap of its January 2036 bonds on what bankers called the best day for emerging market bonds so far this year.

Emerging markets investors are soon to be treated to the second Russian corporate of the year in dollars with Vimpelcom mandating banks this week.

Poland this week tackled head on the ghosts of bonds past and has reopened the ill-fated 2036 euro note it printed in January.

Russian container terminal operator Global Ports Investments printed the first Russian debut bond since the Crimea crisis on Monday in a deal that was 3.5 times subscribed.

Alternatifbank revised pricing by a whopping 100bp to print its "debut" note on Tuesday, drawing plenty of criticism from rival bankers for starting pricing too wide. But the leads defended their ‘inclusive’ pricing strategy.

Renaissance Capital proved Russian debt is still in demand on Monday when it switched holders of its 2016 bond into a new 2021 bond, which also attracted new investors.

Renaissance Financial Holdings (RenCap) is circulating guidance for a new five year note which is part of the borrower’s ongoing exchange offer.

Russian container terminal operator Global Ports Investments has released guidance for a $350m long five year bond on Monday, offering much more than several other double-B rated credits from the country.

Turkey’s Alternatifbank is offering a juicy 10% handle at initial price thoughts stage for the second new style Basel III compliant tier two note from Turkey this year.

The Brics bank is to finally make its capital markets debut later this month by issuing green bonds in RMB with the proceeds to be channelled into energy and infrastructure projects, sources have told Emerging Markets, a sister publication of GlobalCapital Asia.

Turkey's Isbank has appointed a new head of international financial institutions to replace Fikret Utku Özdemir who has a new gig in the corporate marketing division.

Turkiye Vakiflar Bankasi (Vakifbank) is meeting investors for what could be the first ever international mortgage backed covered bond from Turkey.