CEE Bonds

The Republic of Albania has mandated Deutsche Bank and JP Morgan for a euro denominated bond intended to refinance the country’s outstanding €300m 2015s.

Polyus Gold has announced a consent solicitation to tweak the covenants in the documents for its $750m 5.625% 2020 bond.

Türkiye Cumhuriyeti Ziraat Bankası has made an introductory move into the euro denominated private medium term note market, responding to interest from a rare investor.

Norilsk Nickel is holding investor update meetings in London on Monday with Barclays.

Ukraine’s debt restructuring renegotiations with the international community risk becoming as hostile as those taking place in Greece, another economically throttled nation on the verge of default, fund managers and analysts have warned.

Azerbaijan Methanol Company, a petrochemical firm, has said it plans to raise a $1bn bond though a private placement. The deal would act as a test of market appetite for illiquid corporate debt.

Azerbaijan Methanol Company, a petrochemical firm, has said it plans to raise a $1bn bond though a private placement.

The Far-Eastern Shipping Co has announced the results of its buyback offer for its 2018 and 2020 bonds.

Kazkommertsbank (KKB) launched a consent solicitation this week, asking dollar bond holders to let it take on a loan originally given to subsidiary BTA Bank.

Black Sea Trade and Development Bank (BSTDB) returned to Swiss francs on Thursday for its third international bond market outing.

Steelmaker Metinvest is continuing the Ukrainian tradition of last minute Eurobond reprofiling. The increasingly cash starved firm launched a new consent solicitation on Thursday afternoon — after announcing a failed effort earlier in the week — designed to provide precious breathing space for it to build a sustainable debt management strategy.

Poland's mBank has mandated Commerzbank, Credit Suisse, HSBC and JP Morgan to arrange a bond, with investor meetings starting early next week.