CEE Bonds

DTEK Energy Group, the largest privately-owned energy company in Ukraine, has amended the terms of its exchange offer for its $200m Eurobonds due April 28, 2015

Ukrainian mining and steel company Metinvest is asking holders of its three outstanding Eurobonds for a maturity extension and a waiver for default events.

Republic of Turkey is making its second appearance of the year in dollars and is out with an 11 year benchmark bond

Always one for superlatives, Republic of Mexico has shocked the market with what looks set to be the largest euro century bond, and the first from a sovereign. Leads Goldman Sachs and HSBC are talking the 100 year euro-denominated note at 4.5% area.

Magyar Nemzeti Bank (MNB) — the Hungarian central bank — is planning to buy RMB-denominated bonds for its official holdings.

Ukreximbank and Oschadbank’s Eurobonds rallied on Monday after Ukraine’s Ministry of Finance indicated that those bonds will not receive a reduction in the principle outstanding amount.

Far Eastern Shipping Company (Fesco) is looking to buyback $85m of its 2018s and 2020s but is using additional funding, rather than existing cash, to finance the tender offer.

With the European Central Bank bond buying programme creating the perfect market for locking in long dated funds at record low yields, the Republic of Poland this week made the most of sublime conditions to print a 12 year with a coupon of 0.875%. Virginia Furness reports.

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.

Gianfranco Bisagni has joined the corporate and investment banking division of UniCredit as deputy head, as the bank splits divisional responsibilities in two.

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.