CEE Bonds
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Gianfranco Bisagni has joined the corporate and investment banking division of UniCredit as deputy head, as the bank splits divisional responsibilities in two.
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Tinkoff Credit Systems has bought back $80m of its 2015s, impressive considering Tinkoff’s bonds have rallied along with the rest of the Russian Eurobond market, according to bankers. -
Poland printed its new 12 year note with a 0.875% coupon on Monday, making a big saving on where it priced a 2024 at 3% last January.
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Russian Standard Bank’s recent $40m buyback across three of its outstanding Eurobonds fell short of the $150m targeted, suggesting investors may have wanted to hold onto the bonds.
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Poland on Monday announced a €1bn 12 year note, its first euro-denominated offering since January 2014.
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Ukraine Export-Import Bank is asking bondholders to approve a three month extension to its Eurobond due April 27 and the prospect of full repayment looks bleak.
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Russian sovereign Eurobonds have rallied a lot since the end of January, dragging along many corporates with them. A number of factors are contributing to the apparent optimism, but analysts are debating how long the rally can last.
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Two Russian banks announced tender offers this week — Tinkoff Credit Systems and Russian Standard Bank.
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DTEK Energy Group, the largest privately-owned energy company in Ukraine, is warning of a possible default as it attempts to exchange its $200m Eurobonds due April 28, 2015.
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The Republic of Ukraine has sent out a RFP for a $1bn US Agency for International Development backed bond.
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Akbank paid 12.5bp NIP for a rare 10 year senior bond from a Turkish bank on Tuesday, the bank’s second appearance in the international market this year.
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Akbank paid 12.5bp NIP for a rare 10 year senior bond from a Turkish bank on Tuesday, the bank’s second appearance in the international market this year.
