Central and Eastern Europe (CEE)

Siberian Coal Energy Co (Suek) and Russian Copper Co are expected to sign pre-export finance facilities after launching their deals before the end of 2017.

International banks are expecting competition in the Russian loan market to heat up even further than it did over the course of last year, regardless of the onset of further sanctions from the US. Bianca Boorer reports.

The Republic of Slovenia brought forward a euro-denominated trade by as much as a week in order to take advantage of a strong issuance window, which enabled it to increase the size of its deal by €500m to €1.5bn, according to Marjan Divjak, director general of Slovenia’s debt management office.

Emerging market borrowers will front-load their funding tasks in 2018, according to several EM bankers who are predicting a busy month.

Equity syndicates expect a robust IPO pipeline to power strong issuance in the first half of this year, which could set 2018 up to surpass what was a good 2017.

Slovenia took full advantage of its early market move on Thursday to secure its tightest ever spread, and what it expects to be its lowest coupon, on a new euro-denominated note.

Siberian Coal Energy Co (Suek) and Russian Copper Co are expected to sign pre-export finance facilities after launching their deals before the end of 2017.

Emerging market bond fund managers say they are markedly more optimistic than 12 months ago when the "whole world was negative" after the start of Donald Trump’s US presidential term. And with plenty of sovereign trades rumoured for January, there is an abundance of investment opportunities.

Deutsche Bank’s head of origination for corporate and financials in CEEMEA has moved to one of the bank’s clients as chief financial officer.

Russian mining and metals producer Mechel has successfully obtained sufficient support from its lenders to go ahead with further restructuring a $1bn syndicated loan facility.

For CEEMEA bonds, 2017 was a record breaking year and one which pushed the boundaries of product, tenor, and issuer. The $200bn of bonds raised in CEEMEA, and the $140bn raised in Latin America are the highest annual volumes on record. Investors’ seemingly insatiable appetite for EM debt fuelled massive inflows into the asset class and kept the many idiosyncratic risk events – from Qatar’s regional isolation to deteriorating relations between Turkey and the US– contained. Picking out the deals of the year for 2017 was not easy for GlobalCapital’s editorial team, but after much deliberation the below were chosen.

Is Financal Kiralama (Is Leasing), Isbank’s leasing arm, is expected to sign a $75m loan which it has mandated Bank ABC to arrange.