Central and Eastern Europe (CEE)

Credit Bank of Moscow reopened the new style tier two market for Russian issuers in style on Wednesday with a $600m deal that was five times subscribed.

Gazprom went for size with its sterling market return on Wednesday, pricing the second largest deal ever in the currency from an emerging markets borrower.

Ülker, a Turkish food manufacturer, has sent out a request for proposals for a $200m syndicated loan, making it the first corporate borrower from the country to enter the market this year, according to a banker on the deal.

Credit Bank of Moscow was on track to print its first Basel III compliant deal and had taken books of $1.7bn by Wednesday morning.

Halkbank's planned Eurobond issuance is on hold after Mehmet Hakan Atilla, its deputy CEO, was detained following a roadshow in the US on charges of breaching sanctions against Iran, an investor relations person at the bank told GlobalCapital on Wednesday.

Gazprom opened books on Wednesday morning on the first sterling-denominated bond from a Russian borrower since 2013.

Moscow Exchange (Moex) and Dalian Commodity Exchange have agreed on a memorandum of understanding.

Asahi has signed a €7.4bn bridging loan for its acquisition of AB InBev’s central and eastern European business.

Russian Railways, a regular issuer in the bond market, has made a return to syndicated loans by signing a $420m club deal at the end of last week, according to a banker on the trade.

Another Turkish refinancing is underway, with Ziraat Bank’s syndication due to close this week, according to a banker on the deal.

Russia’s renminbi ambitions got a big boost from the appointment of a clearing bank in September 2016 and the first Panda bond by a Russian corporate earlier this month. In a Q&A with GlobalRMB, the Central Bank of Russia says that all the technical preparations are complete for the Finance Ministry to issue its first RMB bond in Moscow — which would inaugurate a new market for so-called ‘Baikal’ bonds.

This week, the head of the state administration of foreign exchange (Safe) criticised Chinese companies’ overseas acquisition choices, 13 countries joined Asian Infrastructure Investment Bank (AIIB) and ICBC Moscow started offering RMB clearing services.