CEE Bonds

Slovenska izvozna in razvojna banka (SID Bank) has bought back €299m of its government guaranteed bonds.

The Slovak Republic sold its debut Samurai bond on Tuesday morning, placing a ¥30bn trade split between three and five year notes. The deal followed a number of successful recent Samurais from financial institutions, and bankers say there is more issuance in the format in the pipeline.

Slovenska izvozna in razvojna banka (SID Bank) has bought back €299m of its government guaranteed bonds it announced this week. The Slovenian bank increased the tender amount after receiving strong interest from investors.

The Slovak Republic sold its debut Samurai bond on Tuesday morning, placing three and five year notes. The final size exceeded the issuer’s expectations, though demand was heavily weighted towards the shorter dated paper.

Political protests in Turkey should hold no fear for supporters of Islamic finance in the country. The hard work has been done and the product looks set for a big future.

Slovenska izvozna in razvojna banka (SID) is tendering up to €200m in government guaranteed bonds in an offer that closes on Friday.

Russia is likely to wait until autumn before bringing its mandated sovereign bond, said analysts. Forcing through a $7bn bond in one deal might also be unwise, but demand is deep and the sovereign could spread its funding plan out across separate transactions, said bankers.

The CEEMEA bond market found some stability this week after brutal selling in the secondary market. Syndicate bankers are hoping that relative value arguments will stop the selling pressure. But outflows are still mounting and another sharp correction could be just around the corner, analysts warned.

Russia is likely to wait until autumn before bringing its mandated sovereign bond, said analysts. Forcing through a $7bn bond in one deal might also be unwise, but demand is deep and the sovereign could spread its funding plan out across separate transactions, said bankers.

The CEEMEA bond market was stable on Wednesday after a brutal day’s trading on Tuesday. Syndicate bankers are hoping that relative value arguments will stop the selling pressure, but another sharp correction could be just around the corner, analysts warned.

Slovenska izvozna in razvojna banka (SID) is tendering up to €200m in government guaranteed bonds in an offer that closes on Friday.

Political protests in Turkey last week and uncertainty over US Treasury rate rises hammered the country in the capital markets. But it has strong fundamentals and has held up well in the circumstances, said analysts. Turkish borrowers are by no means barred from the bond market.