CEE Bonds

State Export-Import Bank of Ukraine (Ukreximbank) won breathing space in its debt reprofiling efforts on Monday, as investors agreed to extend the maturity on its 2015 Eurobond.

The bookrunners on a prospective Swiss franc sale from the Polish sovereign will execute the transaction using a pot system — part of an effort to force some much needed transparency on the secretive Swiss franc market.

UniCredit Bank Czech Republic and Slovakia printed the first covered bond to be backed by a mix of Czech and Slovakian mortgages on Thursday. The bond has been expected since the borrower first met investors on a roadshow in November.

Turkish banks finally look set to become part of the covered bond market this year as Akbank lines up its first euro-denominated benchmark.

UniCredit Czech and Slovakia has set the final spread for the first covered bond to be backed by a mix of Czech and Slovakian mortgages. The bond has been expected since the borrower first met investors on a roadshow in November.

UniCredit Czech Republic and Slovakia has returned to the covered bond market after first roadshowing in November.

Home Credit and Finance Bank launched a tender offer for its subordinated $500m 2020s on Monday.

Two bankers have resigned from BNP Paribas’s FIG DCM team.

Türkiye Sinai Kalkinma Bankasi (TSKB) sold a $350m five year bond with a 15bp new issue concession on Wednesday. Other Turkish banks are looking for their own issuance opportunities.

State Export-Import Bank of Ukraine (Ukreximbank) has declared it will not ask for haircuts or smaller coupons on its Eurobonds, making an agreement on an interim maturity extension more likely, analysts said.

Turkiye Sinai Kalkinma Bankasi sold its $350m five year bond with a 15bp new issue concession on Wednesday. Other Turkish banks are looking for their own opportunity to jump in.

Turkiye Sinai Kalkinma Bankasi has tightened price guidance for its $350m five year bond to at 375bp-387.5bp over mid-swaps.