Central and Eastern Europe (CEE)
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In this round-up, China is keen to expand FTZ sphere, yield differential continues to narrow between offshore and onshore bonds, and London reiterates desire to promote RMB internationalisation. Plus, a recap of our coverage this week. -
Lithuania is lining up its first trade of 2016 and has picked two banks to lead a tap of its euro 2.125% 2035s.
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A strong pipeline is building in CEEMEA but after last week’s mini-tantrum, EM bankers are dealing with a shift in investor attitudes which will likely impact pricing as investors demand juicier levels from upcoming issuers.
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Global Ports added on Tuesday a seven year bond to the pipeline of Russian borrowers set to bring deals this month, which already includes private bank Otkritie and commercial real estate company O1 Properties.
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Russian broker BCS Global Markets has hired two senior bankers to join its management team.
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Emerging market economic growth managed to hang on to much of its momentum over August, according to the latest release of the IHS Markit Emerging Market Composite PMI index.
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Ukrainian food oil producer Kernel received oversubscription of about 40% in its latest $300m pre-export finance facility but chose to keep the loan at the target size.
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Croatian food and pharmaceutical producer Podravka has agreed a €123m loan with the support of the European Bank for Reconstruction and Development.
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Russian development institution Vnesheconombank signed a Rmb10bn($1.5bn) loan from 10 Chinese banks at the Eastern Economic Forum in Vladivostok this week.
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In this round-up, a third batch of free trade zones (FTZs) get set to be rolled out soon, Hong Kong RMB deposits reach a three-year low, and the RMB qualified foreign institutional investor (RQFII) scheme adds two in Singapore. Plus, a recap of GlobalRMB's stories this week.
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Institutional investors turned out in force for Slovenia’s euro market return on Wednesday, allowing the sovereign to tighten pricing by more than 10bp.
