CEE Bonds

Russian B&N Bank sold $150m of 2019 paper on Monday, only managing to hit the lower end of its targeted size range.

Russian B&N Bank has released price guidance for a $150m-$200m loan participation notes and is targeting Asian investors with the deal, according to a source at the issuer.

Holding Slovenske elektrarne (HSE), the largest power generation firm in Slovenia, has pulled its bond — a sign that European high yield is still cautious, despite increased bond sales in March.

Evgenia Tyurikova has been hired as Sberbank’s new head of private banking.

Azerbaijan's Southern Gas Corridor Company printed its $1bn 10 year bond on Thursday 80bp back of the sovereign curve, benefiting from an explicit state guarantee.

As further news of banks being unofficially asked to stay out of arranging a Russian sovereign bond was leaked this week, gas giant Gazprom entered the Swiss franc market and drew one of the largest ever books for a note in the currency, demonstrating the pent up demand that exists for Russian paper.

Sappi Papier, the Austrian-South African paper manufacturer, sold €350m of secured notes at 4% to refinance its 2021 dollar bond, in a European high yield market that has brought forward its post-Easter pipeline of deals.

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.