Central and Eastern Europe (CEE)
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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.
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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.
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Odeabank took advantage of limited supply in emerging market bonds to price a well-received Eurobond debut on Monday.
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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.
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Türkiye Halk Bankasi (Halkbank), the Turkish state-owned lender, has confirmed that it plans to issue mortgage-backed covered bonds. It joins seven Turkish lenders that have rated covered bond programmes in place.
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Russian potash company Uralkali is due to mandate banks for a $750m pre-export finance facility this week, according to a banker close to the deal.
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CVC Capital Partners is speaking to international banks about a new loan to refinance a deal used to acquire Poland’s state railway company’s energy unit PKP Energetyka in 2015.
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Turkey's Odeabank revised guidance to 7.75% area for its Basel III-compliant 10 year non-call five tier two bonds on Monday, as investors got to grips with a new credit, and anticipated return of compatriot and peer, Halkbank.
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The Moscow Exchange Index Committee this week agreed on changes to the calculation method for the indices that it hosts.
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An otherwise quiet week for block trades was interrupted on Thursday night with a large selldown of shares in Norilsk Nickel, the Russian nickel and palladium mining company, by Metalloinvest, the steel maker and miner.
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The Eastern European sovereign announced the price guidance for its three year debut Panda bond on July 25, after agreeing on a Rmb3bn ($445m) Panda programme with onshore authorities last week.
