Central and Eastern Europe (CEE)
-
Markets reacted with apathy to the news that the US House of Representatives had voted on Tuesday to expand sanctions against Russia.
-
Nitrogénmuvek, the Hungarian fertiliser group, became the second borrower with high yield ratings to cancel a deal this month, after Tereos pulled a highly structured bond seven days ago. This time, the problem was size. -
Hungary plans to make regular returns to the Panda bond market after making a successful debut this week, György Barcza, chief executive of the country’s debt management office, told GlobalRMB.
-
-
Hungarian fertiliser group Nitrogénmuvek launched the smallest high yield bond offering of the year so far on Wednesday. But guidance suggested the borrower seeks to pocket large savings as it refinances its old 2020s.
-
Markets reacted with apathy to the news that the US House of Representatives had voted on Tuesday to expand sanctions against Russia.
-
State-owned Türk Eximbank has signed a $200m three year loan facility with the China Development Bank.
-
Promsvyazbank priced an inaugural additional tier one dollar deal at 8.75% on Wednesday morning after attracting more than $1.1bn of orders.
-
Hungary priced its debut Panda bond just before 5pm on Wednesday, completing the second onshore renminbi bond deal by a European sovereign.
-
Supply continued to seep into CEEMEA bond markets at the start of the week despite the looming summer slowdown and Wednesday’s US Federal Open Markets Committee meeting.
-
Odeabank took advantage of limited supply in emerging market bonds to price a well-received Eurobond debut on Monday.
-
Promsvyazbank (PSB) was on track on Tuesday morning to become the third Russian lender to issue additional tier one (AT1) dollar debt this year after releasing price guidance for an inaugural deal in the format.
