CEE Bonds

Gazprom printed its Sfr500m bond on Wednesday from a Sfr2bn book, one of the largest ever for an international issuer in the Swiss franc market.

Azerbaijan's Southern Gas Corridor Company has released initial price thoughts for a 10 year bond at 7% yield area. The deal size has officially been set at benchmark, but GlobalCapital understands the state-owned company is looking for a deal of around $1bn.

The Republic of Bulgaria is fully funded for 2016 and the international bond it printed earlier this week will be its only one for the year, according to deputy minister of finance Karina Karaivanova.

German car maker Daimler is planning to return to China’s onshore Panda bond market with a private placement in the interbank bond market, several sources familiar with the deal have told GlobalCapital Asia's sister publication GlobalRMB.

Gazprom has set the spread on its first post-sanctions Swiss franc bond, a short dated note that is offering plenty of juice to yield starved private bank investors, according to bankers.

The right way to keep banks off the Russia deal is adding Russia to official US and EU sanctions lists. Having words with banks through back channels opens up a grey area ripe for misinterpretation. It’s only fair to everyone involved to sanction the sovereign or let it do the deal.

Sappi Papier, the Austrian-South African paper manufacturer, is seeking to issue €350m of secured notes to refinance its 2021 dollar bond, in a European high yield market that has brought forward its post-Easter pipeline of deals.

Bulgaria marked its capital markets coming of age on Monday after timing its first intraday execution of a Eurobond to perfection. The €1.994bn note left the country fully funded for the year.

Bulgaria opened books on a dual tranche euro denominated note on Monday, becoming the first CEEMEA name to pounce on the post-European Central Bank (ECB) meeting relief rally.

Russian gas company Gazprom is roadshowing a possible Swiss franc bond, which would be its first in the currency since the EU and US laid down sanctions on several Russian state-owned companies in 2014.

CEE sovereigns rallied on Thursday in response to Mario Draghi’s plans to extend quantitative easing. But while some emerging markets bankers were hitting the phones to line up trades next week, others were less convinced that the news would have any impact on issuance.

Family-run Turkish conglomerate Koc Holding printed $750m with a minimal new issue premium on Wednesday as corporate supply in CEEMEA ramped up.