Central and Eastern Europe (CEE)
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Turkey’s smaller financial institutions – Yapi Kredi Finansal Kiralama, the leasing arm of Yapi Kredi, and Alternatif Bank (Abank) – have come to the loan market with higher pricing than their bigger bank counterparts. -
Bank Saint Petersburg, the Russian regional retail bank, has successfully priced a Rb3.2bn ($53m) equity capital increase, through a multi-day bookbuild that finished on Friday.
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The renminbi’s usage as a global payment currency goes up, BlackRock says full bond index inclusion will drive capital inflows into Chinese fixed income, and foreign ownership of Chinese bonds and equities rise.
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Promsvyazbank (PSB) priced an inaugural additional tier one (AT1) dollar deal at 8.75% on Wednesday morning after attracting more than $1.1bn of orders.
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Odeabank took advantage of limited supply in the emerging market space to price a well-received Eurobond debut on Monday.
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Markets reacted with apathy to the news that the US House of Representatives had voted on Tuesday to expand sanctions against Russia.
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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.
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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.
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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.
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Markets reacted with apathy to the news that the US House of Representatives had voted on Tuesday to expand sanctions against Russia.
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State-owned Türk Eximbank has signed a $200m three year loan facility with the China Development Bank.
