Central and Eastern Europe (CEE)
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The Republic of Serbia’s first international bond in six years — a euro 10 year deal — has drawn a healthy book of over €4.5bn.
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VTB Capital has changed the date of its Russia Calling! conference, highlighting “mounting pressure from clients’ in-laws” as the reason for moving the event so that it doesn't clash with Thanksgiving in the US.
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The Black Sea Trade and Development Bank (BSTDB) has said it is focusing on selling a three year bond this week.
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Moody’s took the axe to Turkey’s credit rating after market close on Friday, cutting the sovereign’s rating from Ba3 to B1 in a move that has raised hackles from some international investors.
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Emmerson eyes $230m project financing - NCC refis amid deal drought - Deufol cuts margins with loan refi - Ires Reit activates acquisition accordion - Ukraine's Kronospan receives EBRD-led loan, but MHP funding remains uncertain
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Ukraine set the terms on its €1bn seven year bond on Thursday afternoon, taking advantage of a huge bid for CEE euro sovereign deals this week and a rally in the country’s own debt since president Volodymyr Zelensky was elected at the end of April.
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A bevy of names from central and east Europe issued bonds this week and more are lining up amid a dramatic mood shift among investors.
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Všeobecná úverová banka (VUB) has issued the first ever 10 year covered bond from Slovakia, thanks in large part to the high spread that ensured a 0.5% coupon — a return that investors demand — but one that is now out of reach for most European names in this tenor.
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Georgian TBC Bank printed its long-awaited $300m five year bond on Wednesday from a book of over $700m.
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Ukraine has released initial price guidance for a euro deal that the country has been waiting to print since before Volodymyr Zelensky’s presidential victory in April.