CEE Bonds

Russian mining company Norilsk Nickel is undertaking series of investor update meetings in early September.

The governments of Indonesia and Russia both signalled earlier this week that they are considering issuing renminbi denominated bonds. If the plans go ahead, these will be the third and fourth RMB deals from a foreign sovereign after the UK and Mongolia governments. However, FX volatility means now is not the best time to pull off a RMB deal.

Ukraine debt has rocketed in value on the understanding that the country's Ministry of Finance has reached an agreement with its ad hoc creditor committee, settling on a 20% haircut on $18bn of debt.

Ukraine debt has rocketed in value on the understanding that the country's Ministry of Finance has reached an agreement with its ad hoc creditor committee, settling on a 20% haircut on $18bn of debt.

The recent stock market fall may help smooth talks with Ukraine’s creditors, according to an analyst in Kiev.

We remarked last week that emerging markets could face a difficult time ahead. Well, we didn’t have to wait long before the early manoeuvers in a possible currency war had an impact on sovereign CDS spreads.

The Polish parliament’s new plan to solve the country’s Swiss franc mortgage problem could cost Polish banks $6.2bn this year, wiping out profits for 2015 and 2016, according to Institute of International Finance (IIF) research published this week.

The Polish parliament’s new plan to solve the country’s Swiss franc mortgage problem could cost Polish banks $6.2bn this year, wiping out profits for 2015 and 2016, according to Institute of International Finance (IIF) research published this week.

Analysts expect Russian borrowers’ foreign currency debt redemptions to put pressure on the rouble, despite the central bank’s efforts to downplay the effect.

Gazprom’s bondholders have allowed it to modify the terms and conditions of its £500m 5.338% loan participation notes due 2020, the company announced on Thursday.

Ukraine’s sovereign debt restructuring, Argentinian primary elections and a potential Turkish coalition government are keeping debt bankers alert while the primary bond market takes its summer break.

Analysts expect Russian borrowers’ foreign currency debt redemptions to put pressure on the rouble, despite the central bank’s efforts to downplay the effect.