CEE Bonds

Oliver Koepke is leaving mBank this week and Karol Prażmo will take over the role of head of treasury for mBank Group.

Zurich-based Swiss Reinsurance Company (Swiss Re) received the first quota in the RMB qualified foreign institutional investors (RQFII) programme among Swiss asset managers on July 29, according to the latest data from the State Administration of Foreign Exchange (Safe).

Ak Bars Bank launched the first Russian new issue of this year on Thursday evening in London, pricing at a yield of 8% from a book approaching $450m.

The euro market provided a mixed bag this week with Royal Bank of Canada pricing a €1.25bn five year FRN just a day after Banco Sabadell was forced to pull a four year bullet.

Once the wild west of finance, emerging markets had dodginess and defaults aplenty. Now ethical investors want socially responsible investments. But if SRI criteria are too strict there will be nothing to buy, writes Steven Gilmore.

Turkish banks have become reliant on short term MTN funding, using access to that market as a reason to refuse to print benchmarks after their spreads have drifted wider this year.

Georgia fertiliser firm, Rustavi Azot postponed its $180m five year non-call three bond on Wednesday, having released initial price guidance for the deal a week before.

Ak Bars Bank has released guidance of 8% area yield for the first Russian new issue of 2015. Bankers away from the deal refuse to believe that the bond was not largely pre-sold.

Ukrainian lender Privatbank is asking investors for a short maturity extension on its 2015 Eurobonds, while it talks to holders of its 2015 ans 2016 notes in an effort to agree on a plan to restructure the bonds.

The short term risk of Grexit might have receded, but nothing really looks solved. In nearly every currency union in history, once a sovereign joins a currency, it doesn't leave — except for the Pope.

Slovenia’s development bank, SID Banka, increased priced its first deal in five years on Tuesday, raising the deal size from a planned €250m.

Georgia fertiliser firm, Rustavi Azot has postponed its $180m five year non-call three bond, having released initial price guidance for the deal a week ago.