Central and Eastern Europe (CEE)
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Russia is continuing to open its doors to international lenders, with Credit Bank of Moscow seeking to launch a syndicated loan of $350m-$400m. -
Mid Europa Partners’ Lei1.4bn (€305m) loan for the buyout of Romanian supermarket chain Profi Rom Food has been oversubscribed, allowing the pricing on each tranche to be cut by 30bp.
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Akbank emerged with pricing on an inaugural subordinated dollar bond on Wednesday morning after wrapping up two days of investor meetings in the US and UK.
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Gazprom looks set to return to the dollar market for the first time in more than three years, following the announcement on Wednesday of plans for a US roadshow next week.
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It has been all about sub debt in CEEMEA this week, as a trio of borrowers took advantage of investor appetite for yield to boost their capital bases.
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Austria’s Hypo Noe and Poland’s PKO Hipoteczny have mandated leads for roadshows that begin in mid-March and which are likely to be followed by deals.
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Five new IPOs were announced in EMEA this week as the market enters a crucial window in the run-up to Easter.
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Turkish lender Vakifbank has signed a three year bilateral loan agreement with ICBC’s Dubai branch for $250m.
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Akbank is planning to return to the Eurobond market after a two year absence with its first ever subordinated dollar deal.
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Russian steelmaker Evraz began meeting investors on Monday ahead of a planned dollar bond placement to finance a buy-back of notes maturing in 2018 and 2020.
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Slovenia took another step towards refinancing its outstanding dollar debt this week with the conclusion of a $600m tender offer and the sale of a pair of euro-denominated taps.
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