Central and Eastern Europe (CEE)
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Gulf issuance dominated the picture in the CEEMEA bond market during the first half of the week as Oman brought the year’s first bumper sovereign deal from the region and two UAE borrowers boosted supply.
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An Intesa spokesperson confirmed to GlobalCapital that the bank was in talks with 14 banks about syndicating its €5.2bn loan to finance the takeover of a 19.5% stake in Rosneft by the Qatar Investment Authority (QIA) and Glencore. -
The first corporate bond of the year from central Europe received a warm welcome from investors on Tuesday, allowing the issuer — Poland’s Energa — to tighten pricing twice.
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Russian Railways saw strong demand from international investors for a new Eurorouble note on Monday, with Asian accounts taking an unprecedented one-third of allocations.
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Moody’s has downgraded its outlook for B3/B rated Croatian food retailer and manufacturer Agrokor to negative from stable as the company’s credit quality comes under siege.
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Russian Railways marked the end of the national holiday in its home market by emerging with pricing for a new seven year Eurorouble note on Monday.
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Yapi Kredi took advantage of pent-up demand for Turkish bank paper to hammer down pricing on the first Eurobond from the sector for more than four months this week.
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Three Central and Eastern European (CEE) issuers are lining up trades, as supply from the region begins to ramp up. Slovenia, the Slovak Republic and Polish corporate Energa SA all plan to bring euros in the near future.
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Details have emerged of the financing CVC will use to buy Polish retail chain Żabka Polska, its second takeover in the region.
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ONGC Videsh (OVL), the overseas investment arm of Indian state-owned oil company ONGC, is tapping the loan market for longer dated debt to replace a bridge raised by one of its subsidiaries.
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Russian Railways lived up to a reputation for aggressive pricing on Wednesday, printing a new seven year dollar benchmark comfortably inside its existing curve.
