Central and Eastern Europe (CEE)
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Russian container terminal operator Global Ports Investments has released guidance for a $350m long five year bond on Monday, offering much more than several other double-B rated credits from the country. -
The Brics bank is to finally make its capital markets debut later this month by issuing green bonds in RMB with the proceeds to be channelled into energy and infrastructure projects, sources have told Emerging Markets, a sister publication of GlobalCapital Asia.
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Slovenian Sovereign Holding, which manages state assets, has chosen Deutsche Bank as financial adviser for the privatisation of Nova Ljubljanska banka. It will probably be done as an IPO, possibly this year.
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A couple of debut issuers from the Middle East and two live debt exchanges are keeping bankers in CEEMEA busy this week and with several roadshows, albeit non-deal ones, in progress, the pipeline looks healthy.
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Telekom Slovenia, a firm downgraded four times in the last five years, has secured a €300m loan to refinance a bond, the move will strengthen its Ba2 rating according to Moody’s.
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Renaissance Financial Holdings is looking to extend its maturity profile with a five year non-call two note via an exchange offer.
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Georgian Oil & Gas Corporation (GOGC) is preparing ground to issue the first Eurobond from Georgia since 2013 and is simultaneously offering to buy back for cash its existing July 2017s.
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Russian container terminal operator Global Ports Investments has mandated six banks for its debut Eurobond and is embarking on a roadshow for the deal. The last time a debut issuer from the country tapped the bond markets was in 2013.
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Poland has returned to the dollar market after its ratings downgrade and, in printing with the lowest new issue premium for a dollar CEEMEA sovereign bond this year, has knocked out any lingering concerns about appetite for its debt.
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Russian software firm, Kaspersky Lab, is refinancing a credit facility with international banks and reducing the margin despite many Russian borrowers paying more for their loans.
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As Belarus received a $500m credit line from the Eurasian Fund for Stabilisation and Development (EFSD) this week, loans bankers said they are not leaping forward to arrange a loan for the sovereign. But Russian banks were still active in the country.
