Central and Eastern Europe (CEE)
-
Hungarian oil and gas company MOL Group rode the coattails of investor demand for European high yield corporates on Thursday to print a €750m seven year below 3%. -
Books reached $8bn for VimpelCom’s holdco note on Wednesday, with the level of support for the deal impressing the lead managers.
-
State-owned Georgian Oil & Gas Company crunched pricing from guidance on Tuesday to print a $250m five year bond with a 7% yield.
-
Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, has mandated three banks for its debut euro bond — a deal that has been expected since 2014.
-
VimpelCom was on track to print a dual tranche structurally subordinated note on Wednesday with books over $4bn.
-
State owned Georgian Oil & Gas Corporation has released initial price thoughts for its dollar bond, which a lead manager estimated offered around a 50bp new issue premium.
-
Georgian Oil & Gas Corporation has moved a step closer to issuing its first bond since 2012, setting the tenor at five years.
-
Though Russian president Vladimir Putin said on Thursday that he does not see Western sanctions being lifted in the near future, strength in the country's debt and the emerging markets more broadly still prompted two Russian bonds from non-sanctioned issuers to be printed this week and a third to announce a roadshow.
-
Republic of Poland laid its euro ghosts to rest on Wednesday with a €750m tap of its January 2036 bonds on what bankers called the best day for emerging market bonds so far this year.
-
China Bonds
Hungary landed a double milestone on Thursday as its first international bond in four years became the first dim sum bond since November 2015. And while the pricing of the deal has drawn criticism, it proved that RMB is a viable option for CEE sovereigns looking to diversify into Asian currencies.
-
-
Hungarian oil and gas firm MOL Group is planning to refinance a five year credit facility and has also mandated banks for a euro-denominated bond, its first in the currency in four years.
