Central and Eastern Europe (CEE)

After a week of no new paper in CEEMEA, EM bankers are looking forward to a busier next week as four bonds are slated from the region and the market looks supportive enough to allow issuers to pull the trigger.

Slovenia is offering a $750m buy-back across its dollar 2022s, 2023s and 2024s and is looking to fund it with proceeds from a new euro-denominated bond.

Black Sea Trade and Development (BSTDB) made its dollar debut on Thursday, printing $500m in 144A/Reg S format.

Evraz has bought back $184.4m of outstanding Eurobonds that were due in 2017 and 2018, joining a band of several Russian issuers which have been buying back dollar debt.

Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, on Thursday printed a €500m 10 year bond — its debut foray into the international bond markets — with leads building a €800m book for the note.

With so much attention on whether the UK will vote to leave the EU on June 23, there is a distinct chance of underestimating political risks developing within Europe itself.

Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, on Thursday released initial price guidance for its 10 year euro deal.

Sberbank has chosen Netherlands–headquartered Wolters Kluwer’s OneSumX for risk management platform to streamline its global treasury operations.

Moskovskaya Birzha (Moscow Exchange, or MOEX) has vowed to improve risk management and will expand the range of foreign exchange services it provides.

Severstal, the steelmaker, reopened the Russian convertible bond market on Tuesday, with what bankers on the deal said was the first issue since 2013.

In this round-up, South Korea RMB deposits picked up, while Macau and Taiwan saw a slight contraction, BRICS NDB approved its first loans, Chinese and Russian regulators are expanding their co-operation agreements, and Euronext started providing market data directly to onshore investors in China. Plus, a recap of GlobalRMB's top stories this week.

Among the four smallish equity block trades launched in Europe on Tuesday afternoon, after a strong day for stocks, was an important trade in Romgaz, the Romanian state-controlled gas company.