Central and Eastern Europe (CEE)

Russia gave more details on Wednesday of its plans to privatise stakes in state assets, including Rosneft, VTB Bank and shipping company Sovcomflot.

Promsvyazbank (PSB) opened books on a three year senior deal on Wednesday, following hard on the heels of compatriot, Otkritie. But PSB wants more international investment than that seen in recent Russian deals, its CFO told GlobalCapital.

Three European socially responsible investment (SRI) funds have participated in a $22m loan, backed by the EBRD, to build Georgia’s first wind farm.

Polyus Gold, the largest gold producer in Russia, has picked three local banks and one international firm to arrange investor meetings for a dollar bond.

Russia plans to raise $7bn in the international markets next year and is working towards a radical overhaul of its capital markets to decrease pressure on the country’s strained banks, Sergei Storchak, deputy minister of finance, told GlobalCapital's sister publication Global Markets.

The vice-president of the New Development Bank, Paulo Nogueira Batista Junior, tells GlobalMarkets how his institution is lending on projects and issuing green bonds in line with the increasing concern with environmental issues

Terrorism, a military coup attempt, and a sovereign downgrade have failed to deter dedicated EM investment in Turkey, but deteriorating growth prospects and increasing nationalism, which could further strain relations with Europe, may threaten staying power in the long run, say economists.

EuroChem tightened pricing for its $500m bond by 45bp in what the issuer described as the lowest ever dollar coupon for a non-investment grade Russian borrower.

Russia’s Promsvyazbank is preparing a roadshow for a dollar bond of three or 3.5 years, following Otkritie Bank’s trade earlier this week.

Turkey’s Yapi Kredi has completed its loan refinancing, bringing in $1.1bn in dollars and euros, in a deal where the margins increased just last week after the bank was downgraded.

Otkritie Bank returned to the international bond market for the first time since the start of the Russia crisis on Tuesday, surprising market watchers with its tactics with no explanation offered.

After a slow start to the week, emerging market investors were offered a smorgasbord of options as borrowers from four continents and across the credit spectrum launched bonds in dollars and euros.