Central and Eastern Europe (CEE)
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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.
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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.
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On Wednesday night, the vibrant trading in the equity blocks market continued with several large deals from Turkey and the UK.
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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.
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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.
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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.
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Russia is on a roll with its fourth senior secured pre-export finance facility signed this month, the latest one being a $1.7bn deal for aluminium producer Rusal.
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Emerging Market Bond House of the Year
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Troubled Croatian supermarket group Agrokor, now under the control of a government-appointed commissioner, has filed an action in a Zagreb court to lift a clause in the employment contracts of its previous senior management that shields them from the costs of legal action against the company.
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Vakifbank took advantage of seemingly insatiable demand for Turkish bank paper to raise $500m of five year senior funding on Tuesday.
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Chinese loan banks are appearing in more and more emerging market loan deals this year, as they race towards the loan market big league, but while their hunger for market share is evident, they're still taking a conservative approach.
