Central and Eastern Europe (CEE)
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RussNeft, the Russian oil company controlled by Mikhail Gutseriev, has completed its oversubscribed Rb32.3bn ($502m) IPO on the Moscow Exchange. -
In this round-up, the People’s Bank of China (PBoC) sets the dollar-renminbi fix at a new record low, a new policy push for the Shanghai free trade zone (FTZ), and the China Securities Regulatory Commission appoints two new RMB qualified foreign institutional investors (RQFII). Plus, a recap of our coverage this week.
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One of the last two substantial European IPOs of 2016 looks set to be completed on Friday, when RussNeft, one of Russia’s 10 largest oil companies, floats in Moscow for at least $495m.
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RussNeft, the Russian oil company controlled by Mikhail Gutseriev, looks set to complete its IPO on Friday, after the bookbuild reached its end on Thursday afternoon, at a valuation of at least $2.5bn.
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Four banks will lead the financing for the €533m acquisition of Romanian retail chain Profi, the largest private equity acquisition ever in Romania.
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Emerging markets bond bankers were keeping upbeat on Thursday about the prospects for further issuance from CEEMEA this year, despite the failure of one of the few deals in the pipeline to emerge as expected.
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Baltic consumer loan provider 4Finance on Wednesday printed an add-on of its old 2021 bonds in a high yield market that is coming to a halt four weeks ahead of the Christmas break.
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MedLife, a leading Romanian private healthcare provider, has announced plans for the first IPO on the Bucharest Stock Exchange since 2014, as it seeks to capitalise on higher disposable income in the EU’s fastest growing economy.
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Turkey’s QNB Finansbank and Garanti plan to sign their second yearly loan refinancings this week, according to bankers, marking the end of a tumultuous year for Turkish bank loans.
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Online consumer lender 4Finance on Monday released initial price talk for an add-on to its €100m 2021 bond, as the market searches for short maturities before Christmas.
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Turk Telekom subsidiary Avea has signed a €90m nine year loan backed by Finnish export credit agency Finnvera, after Avea's ultimate parent company Otas failed to make a repayment on a $4.75bn loan in September.
