CEE Bonds
-
Russia has released a request for proposals for banks to organise its latest bond issue in dollars and possibly euros, according to two bankers in London.
-
The Republic of Azerbaijan brought its long awaited debut bond to the market this week. The country launched a successful $1.25bn 10 year transaction and showed that some issuers in the CEE region have remained largely immune to rising tensions between Russia and Ukraine. But bankers are unsure whether this will still be the case after a Crimean referendum at the weekend.
-
-
The first Russian mandate has been given for a Russian Eurobond since the country moved troops into Crimea on March 1. Lukoil has mandated Citi and JP Morgan to arrange its next Eurobond.
-
Indian telecoms company Bharti Airtel sold its debut Swiss franc deal on Thursday morning, a six year note. Strong demand allowed the issuer to sell the largest ever Swiss franc deal from the country. -
Latin America bolstered meagre emerging market issuance this week, ignoring persistent fears about fallout from Ukraine. Petrobras pulled off an impressive $8.5bn six tranche bond and Mexico is in the market with a rare 100 year sterling deal. But Sunday's planned referendum on Crimea joining Russia is weighing on risk appetite, and could quash any potential pipeline.
-
The Republic of Azerbaijan’s debut deal was trading up on Tuesday morning after the sovereign attracted a respectable $3.25bn order book for its $1.25bn 10 year transaction. Analysts felt the final price was fair to tight, but in an environment of meagre supply buyers are happy to pay for rarity and a strong credit story.
-
A group of British Ukrainians, EuroMaidan London, is holding a protest outside VTB Capital’s offices in the City of London this afternoon. The group plans to hoist up a washing line of dirty Russian roubles and British pounds in front of VTB in protest at the invasion of Crimea and the UK government’s lack of sanctions on Russian oligarchs and financial institutions.
-
Russia's releasing of a request for proposals for a new bond was greeted by incredulity last Monday, as the timing of the RFP coincided with troops rolling into Crimea. At first glance it did not seem the best time for the country to be asking banks to pitch to help it raise its next slug of funding, but for several reasons it makes sense for Russia.
-
Russia has released a request for proposals for banks to organise its latest bond issue in dollars and possibly euros, according to two bankers in London.
-
Azerbaijan started execution on its first ever benchmark bond on Monday morning, ending a six day drought for CEEMEA supply.
-
With Russia tightening its grip in Crimea and no signs of the tensions in Ukraine easing, it's been hard to escape the feeling of doom and gloom in the EM bond markets. But light can be found even on the darkest of days. Here are five reasons to be cheerful.
