Central and Eastern Europe (CEE)
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Georgian holding company BGEO Group bought back some $300m of its outstanding bonds on Wednesday. The buy-back came as part of a combined tender and new issue, which was anchored by the International Finance Corporation.
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After the initial calm in Turkish loan trading following the country's attempted military coup, a few trades have come to market, finally showing the radical impact of the event on pricing. -
Turkish banks have long enjoyed cheap one year loans from international banks but it is now more obvious than ever that the sector should have made hay while the sun shone.
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Austrian real estate investment company Immofinanz has enlisted one bank to support its €604m acquisition of shares in fellow Austrian property company CA Immobilien Anlagen. The share purchase paves the way for a merger between the two.
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Euroclear started servicing the Russian sovereign’s $1.75bn 2026 bond on Thursday, prompting a 30bp yield rally in the bonds and opening further discussion as to when the sovereign may return for more funding in the international markets.
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Far Eastern Shipping Company (Fesco) is looking to impose a near 40% haircut on holders of its local and international bonds.
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State-owned Bulgarian Energy Holding benefited from a clear run at the CEEMEA primary market this week to print its €550m bond at 375bp over the sovereign curve, according to lead managers.
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State-owned Bulgarian Energy Holding offered a handsome pick-up over Bulgaria’s sovereign curve at final guidance stage on Tuesday.
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Russia’s Far Eastern Shipping Company (Fesco) requires extra time before the release of its preliminary restructuring proposal to bondholders, it said on Monday.
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Bulgarian Energy Holdings (BEH) opted on Monday for a five year for its first Eurobond in three years. The deal could come as early as Tuesday, according to a lead manager.
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Oil India has extended the deadline for submission of bids for its request for proposals seeking a $650m loan with a $200m greenshoe, according to two bankers.
