CEE Bonds
-
The European Central Bank boosted its quantitative easing programme this week but, with markets underwhelmed, emerging Europe debt bankers said it was unlikely to lead to more euro-denominated deals from the region's issuers. -
Hungarian Development Bank (MFB) printed on Tuesday a €300m 2.375% six year bond, in line with price guidance released earlier that day, bringing a fresh euro benchmark to the country.
-
Renaissance Securities is buying back $39.9m of the outstanding $146m of Renaissance Credit’s 7.75% 2016 bonds.
-
Latvia has named its banks to arrange a euro-denominated new issue and manage a concurrent tender offer for the country’s 2020s and 2021s.
-
The Hungarian Development Bank has mandated three banks for a global investor call in the hope of drumming up enough demand to print a euro-denominated Reg S bond.
-
Turkish bank Yapi ve Kredi Bankasi has hired four banks to arrange a dollar tier two bond that it expects to issue in early 2016, using the December quiet spell to capture credit investors’ attention.
-
Support from US fund managers helped Macedonia price a new sub-benchmark euro deal comfortably inside initial price thoughts on Tuesday despite rising geopolitical risk.
-
New Europe Property Investments (Nepi) successfully priced a euro debut deal more than a year after first approaching investors.
-
-
Banks, investors and even the Spanish and US governments are bracing themselves for a long and bruising battle to restructure Abengoa, the Spanish renewable energy group likely to enter a pre-insolvency period on Friday.
-
Military tension with Turkey sent Russia’s credit default swap spread wider this week but Russia’s apparent rapprochement with the west has seen investors treat Russian bonds in a much brighter light.
