Central and Eastern Europe (CEE)
-
Export credit agency Turk Eximbank has signed a $750m 10 year loan from international lenders, having secured a €400m deal just last month. -
A pair of Turkish banks has returned to the MTN market after a 100bp rally in their secondary levels, marking the first bonds since the failed military coup in Turkey on July 15 and bringing hope that by September, public syndicated bonds may be back on the table.
-
Indian Oil Corp has awarded two banks the bid for a $300m bridge loan to support the acquisition of stakes in Russian oilfields.
-
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.
-
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.
-
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.
-
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.
-
-
Far Eastern Shipping Company (Fesco) is looking to impose a near 40% haircut on holders of its local and international bonds.
-
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.
-
State-owned Bulgarian Energy Holding offered a handsome pick-up over Bulgaria’s sovereign curve at final guidance stage on Tuesday.
