CEE Bonds

Albaraka Turk Katilim Bankasi (Albaraka Turk) priced Turkey’s first Basel III compliant tier two sukuk deal in line with guidance on Monday.

Holders of City of Kiev’s Eurobonds could reject restructuring proposals at a meeting in London on December 8, according to analysts in Ukraine.

Hungary is planning a renminbi-denominated government bond in the hope of laying the foundation for eastern European entities to borrow from the RMB market and encourage related investment activity, its Ministry for National Economy said this week.

A list of 27 Russian banks and corporates have set up the Analytical Credit Rating Agency, and staffed it with some of the biggest names in the Russian capital markets. But while Russia needs a domestic ratings agency more than ever, its biggest challenge will be establishing credibility.

Albaraka Turk Katilim Bankasi (Albaraka Turk) priced Turkey’s first Basel III compliant tier two sukuk deal in line with guidance on Monday.

New Europe Property Investments (Nepi) successfully priced a euro-denominated debut deal more than a year after first approaching investors in Europe.

Macedonia has emerged with a new five year euro-denominated bond offering a new issue premium of over 50bp at the initial guidance stage, according to two syndicate officials away from the note.

Turkey shot down a Russian warplane on Tuesday morning near its border with Syria. The response to the attack in the bond market has been muted.

Russian lender VTB is expanding its China offering to meet rising demand from Russian corporates and financial institutions for RMB trade and investment services. GlobalRMB spoke to Alexander Dmitriev, global head of financial institutions at VTB, to discuss the bank’s China strategy and the challenges it faces.

Romania-based New Europe Property Investments (Nepi) has returned to the international bond markets, releasing initial price thoughts for a 5.25 year euro senior unsecured deal, almost exactly a year after it last tried to tap the market and with a refreshed set of lead managers.

Albaraka Turk Katilim Bankasi (Albaraka Turk) opened the pricing for an innovative tier two sukuk deal on Monday morning with initial thoughts of 10.5% area.

Finansbank has picked banks for a senior dollar benchmark that would be the first in the format from a Turkish bank since April.