CEE Bonds
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The Republic of Slovenia debuted in the sustainable bond market this week when it sold its third debt offering of the year. It is only a matter of time, bankers said, before sovereigns across central and eastern Europe embrace the ESG debt markets. -
More emerging market issuers will issue convertible bonds following landmark deals in Turkey and the United Arab Emirates in recent weeks. The asset class is seen as a way for EM companies to raise capital while avoiding rising interest rates and to showcase the increasing sophistication of their home exchanges. Aidan Gregory reports.
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Burcu Korkut, an experienced EMEA emerging markets fixed income salesperson, is leaving Credit Suisse for a leading role at Barclays.
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The Republic of Slovenia was selling its third bond of the year on Wednesday — a debut sustainability offering. The sovereign, which many investors categorise alongside western European investment grade sovereigns, was set to price the deal tight.
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Polyester producer Sasa has placed the first convertible bond by a Turkish listed issuer, raising €200m, as the asset class continues to grow in popularity.
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Anadolu Efes Biracılık ve Malt Sanayii, the Turkish brewer, is seeking to issue a new dollar bond as it tenders for existing debt in the currency, just days after the Turkish sovereign reappeared in the debt capital markets.
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Gazprom is set to access the Swiss franc market this week to sell its first trade in the currency for over three years.
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The Republic of Slovenia revealed the mandate for its debut sustainability bond on Monday, just months after it impressed market participants with a 60 year bond.
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Belarus's sovereign bonds tumbled on Monday morning at the prospect of further EU sanctions.
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The Republic of Turkey demonstrated its access to international markets this week with a four times oversubscribed sukuk. But the deal does not represent an access-all-areas pass to the capital markets for the borrower, following a turbulent period that has seen little change to appease investors, writes Mariam Meskin.
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Emerging market investors appeared calm but hopeful as Russian president Vladimir Putin and his US counterpart Joe Biden prepared to meet in Geneva on Wednesday. It is hoped that the summit will quell tensions between the two countries.
