CEE Bonds

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.

Poland on Monday announced a €1bn 12 year note, its first euro-denominated offering since January 2014.

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.

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.

Two Russian banks announced tender offers this week — Tinkoff Credit Systems and Russian Standard Bank.

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.

The Republic of Ukraine has sent out a RFP for a $1bn US Agency for International Development backed bond.

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.

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.

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.

VTB Capital’s string of departures has continued into this year, with an experienced credit trader set to quit the bank at the end of the month.

Akbank has returned to market with a 10 year $500m no grow, its second dollar offering of the year and its second instalment of a $1bn refinancing.