Central and Eastern Europe (CEE)

Ukraine raised $2bn with a dual tranche offering on Thursday, returning to capital markets in benchmark size for the first time in more than a year, fresh from its agreement with the International Monetary Fund (IMF).

Türk Ekonomi Bankası (TEB) and İşbank followed Akbank with successful loan refinancings, as Turkish banks pressed on with a robust but pricey refi season, amid the country’s economic and political difficulties.

Banks which lend to Russian companies are on tenterhooks to find out if their comatose market will shrink further if the US brings more sanctions against the country.

Ukraine has opened books for a pair of dollar benchmarks, returning to capital markets in benchmark size for the first time in over a year, fresh from its agreement with the IMF.

Eurotorg, the largest supermarket chain in Belarus, has fixed a price range for its landmark IPO on the London Stock Exchange, which could value the company at almost $1bn.

Moscow Exchange on Wednesday launched aluminium, nickel, copper and zinc futures as part of a partnership with London Metal Exchange.

Summit Partners has launched the first selldown of shares in Avast, the Czech cyber security company, since its £602m IPO on the London Stock Exchange in May.

İşbank has signed a $973m-equivalent syndicated loan as Turkish banks press on with a robust but pricey refinancing season, amid the country’s fiscal recovery.

Ukraine has hit screens for a dollar bond, coming hot on the heels of a $3.9bn loan agreement with the IMF.

Türk Ekonomi Bankası (TEB) has signed a $530m-equivalent loan, as lenders predict Turkish banks to continue a strong refinancing season, despite the country's economic and political troubles.

The Turkish sovereign returned to international markets this week riding a wave of relief and renewed goodwill, following the release of US pastor Andrew Brunson, write Francesca Young and Lewis McLellan.

The Europe, the Middle East and Africa (EMEA) IPO market suffered during the sell-off that hit equity markets hard last week. But amid the wreckage of pulled flotations and weak aftermarket performance, two exciting listings from Kazakhstan and Belarus are underway and equity capital markets bankers and investors are beginning to see the promise in the markets in, and beyond, Europe’s eastern fringe, writes Sam Kerr.