Central and Eastern Europe (CEE)
-
-
-
Turkey’s Sasa Polyester is on track to take out a €231m export credit agency-backed loan to build a new facility in its home country. -
EPP, a Polish real estate investment company, postponed its five year euro bond on Monday despite having gone as far as to set the yield for the deal. The company blamed adverse market conditions, while bankers away from the deal were divided as to whether anything could or should have been done differently by the leads.
-
Despite worries that Russian investors are pulling away from London as the UK looks to pressure allies of the country's president Vladimir Putin, Tom Tugendhat, the chairman of the House of Commons Foreign Affairs Committee, this week told GlobalCapital that preserving the rule of law in the UK and making sure markets are “clean and honest” is more important than attracting Russian capital to London.
-
EPP, a Polish real estate investment company, has come to market for a five year euro benchmark in what will be the first non-corporate bond from CEE since early May, but early indications suggest a lukewarm reception.
-
Turkey’s Garanti bank has sold its first ever social bond, a $75m private placement. The International Finance Corporation purchased the bond as part of its Banking on Women Programme.
-
Increased hostility towards Russia from the UK political establishment is severing the financial links between the two countries. The arguments between Russia and the West are freezing the former’s equity capital markets, which depend on UK and US investors, and is, according to some sources, driving Russians to repatriate capital. In the long-run, it could even be detrimental to the UK’s capital markets industry, write Sam Kerr and Francesca Young.
-
Two issuers from the CEEMEA region — Bulgarian Energy Holding and Ecobank Transnational Inc — have mandated banks for new bonds and are embarking on roadshows, breaking the wait-and-see mode that the market had slipped into over the last week.
-
Turkey’s Garanti bank has sold its first ever social bond, issuing a $75m private placement. The bond was purchased by the International Finance Corporation as part of its Banking on Women Programme.
-
Ukrainian Eurobonds weakened early this week as sentiment waned, despite some progress in an anti-corruption law that is a key condition for the disbursement of the next round of funding from the International Monetary Fund, and as the market contemplated the dismissal of respected finance minister Oleksandr Danylyuk.
-
Unrealistic pricing expectations are keeping two EM corporate issuers by the wayside after volatile markets forced Atrium to cancel a tender offer combined with a new issue last week.
