Central and Eastern Europe (CEE)
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Russian potash fertiliser Uralkali has signed its five year $1.45bn-equivalent loan with 13 lenders joining the syndicate. With Uralkali and Suek now signed, lenders have started to prepare for EuroChem.
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Buyers of Russia sovereign bonds could get burned as the US contemplates new sanctions against the country. But it seems they and Russia's public debt officials have not made it to the end of HBO's Game of Thrones. Had they done so, they would have learned a valuable lesson. They must do so quickly.
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Georgia’s largest commercial bank TBC Bank is on the road to promote a dollar benchmark. The deal coincides with the bank’s push into its neighbouring markets, Azerbaijan and Uzbekistan. The bank is spearheading the move with tech platforms.
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Slovenská sporiteľňa mandated leads on Tuesday for a euro-denominated mortgage covered bond. It was a slow start to the month in covered bonds, but the Slovak issuer could break the quiet.
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Renaissance Credit has announced its intention to come to market for a Reg S euro subordinated bond. The trade will be the borrower's first trip to the market in almost six years.
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To believe their PR, banks are now paragons of clean, sustainable economic development.
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Ukraine will have to wait until after its snap parliamentary elections to arrange its next disbursement from the IMF, but the country will rely on the domestic market to meet its refinancing needs.
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The Russian sovereign could soon issue its next Eurobond, with both euros and dollars on the table. But if it does launch a deal, the move will be as much financing as it will be a political play to help defend the country from more US sanctions. Francesca Young reports.
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Siberian Coal Energy Co (Suek) is set to finally close a loan refinancing next week after a lengthy syndication process that bankers close to the deal blame on a growing number of lenders declining to finance coal-burning activities.
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GeoProMining Group, a mining company operating in Russia and Armenia, announced its first ever bond on Thursday — a Reg S dollar five year.
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Issuers will be hoping for better conditions than what has been seen this week, as four of them head out on roadshows on Monday.
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TBC Bank, Georgia’s largest bank by assets, loans and deposits, is hitting the road to market a dollar senior unsecured bond.