CEE Bonds
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Armenia has mandated the same three banks for a new issue and buyback offer as it used for its debut in 2013.
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The State Oil Company of the Azerbaijan Republic (Socar) has released price guidance for a 15 year benchmark dollar bond, having completed its roadshow on Tuesday.
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KfW, the German state development bank, returned to the offshore renminbi (CNH) market on Tuesday. Investors jumped in, enticed by the strong credit, allowing the borrower to increase the size of the deal.
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Austrian-South African paper maker Sappi will begin on Wednesday in London the roadshow for its €450m of senior secured notes.
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The deadline for the Romania request for proposals to arrange its next bond passed on Monday. The country is looking to tap the euro market.
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Montenegro is looking to extend its curve with a euro bond up to €500m, potentially its largest yet.
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The City of Kiev is to reschedule two Eurobonds ahead of maturity. While trading levels indicate the market anticipates a haircut, analysts believe that a restructuring is unlikely.
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The State Oil Company of the Azerbaijan Republic (Socar) has released roadshow dates for its bond. Deutsche Bank and JP Morgan are leading the deal.
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Gazprombank, the third largest bank in Russia by assets, is considering issuing a Panda bond, GlobalRMB understands. It would be the first ever Panda bond from a financial institution if it were to emerge, but continuing sanctions against Russia could cause difficulties.
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Croatia's €1.5bn 10 year bond drew praise for a tight result, but also criticism for having released initial price guidance too wide.