Central and Eastern Europe (CEE)

EM is back to work after the long weekend with Ivory Coast naming banks for its long awaited bond, and Norilsk Nickel and Tinkoff Bank from Russia, announcing their intention to issue new debt.

The Islamic arm of Turkey's Ziraat Bank has signed a $236m one year Murabaha syndicated loan with 13 banks, according to a banker on the deal.

Mavi Jeans, the Turkish maker of designer jeans, has published the prospectus for what could be the largest Istanbul IPO for four years, according to Dealogic.

Romania-focused Globalworth Real Estate Investment is due to meet investors for a potential euro denominated trade, in a period of narrow issuance windows due to a spate of public holidays.

Turkish legislation has been in place for years and six borrowers have set up covered bond programmes, but so far supply has proved fleeting. Nevertheless, delegates at the CEE Covered Bond Forum in London heard this week that the challenges that held the market back are likely to disappear soon.

Malaysia Airports Holdings is looking to revise covenants on a €500m loan from 2015 taken for the acquisition of Istanbul Sabiha Gökçen (ISG) International Airport.

Russia's State Transport Leasing Company (STLC) achieved substantial price tightening on its return to the US dollar bond market on Wednesday.

The Moscow Exchange (Moex) and Shanghai Stock Exchange (SSE) have agreed to an expanded “strategic cooperation” agreement, and intend to develop debt and equity products for investors.

On Wednesday night, the vibrant trading in the equity blocks market continued with several large deals from Turkey and the UK.

Not only is the CEEMEA bond market red hot and smashing through issuance records, there were also signs this week of its developing maturity, writes Virginia Furness.

Aluminium producer Rusal secured a $1.7bn pre-export finance facility on Wednesday, the fourth PXF from Russia signed this month, as banks favour the stability of this structure in the current political climate.

Amended Slovakian covered bond legislation, set to come into effect in January 2018, will lay the foundation for a robust internationally focused market leading to greater volume, delegates at the CEE Covered Bond Forum in London heard this week.