Central and Eastern Europe (CEE)
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Russian steelmaker Evraz has been in talks with banks for a syndicated loan for some time, but bankers said this week that the firm will likely stick to bilateral loans instead. -
Russian steelmaker Novolipetsk Steel (NLMK) has named the banks for the $400m four year pre-export facility it signed last week, one of only a handful of Russian loans this year.
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The Republic of Macedonia has mandated Citi, Deutsche Bank and Erste Group to arrange a euro denominated bond.
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Polska Grupa Energetyczna, the Polish state-owned power company, has signed Z2bn (€467m) of loans with the European Investment Bank, following a Z5.5bn(€1.3bn) syndicated loan.
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Russian steel company TMK has launched a tender offer for its 2018s through Citi and JP Morgan.
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Romanian utility company CEZ Distribution has signed a Leu675m (€152m) EBRD-arranged financing which is the first long tenor syndicated loan in Romanian new lei that the development bank has arranged.
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VTB Bank intends to buy back $418.8m of dollar bonds and Sfr67m in Swiss franc bonds following the result of a tender offer that expired this week.
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Romania became the latest CEE name to demonstrate the renewed bid for duration this week, drawing praise for a 10 and 20 year dual tranche euro transaction. However, some debt bankers away from the deal felt the 20 year had come at a hefty spread.
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Lenta, the Russian supermarket group, completed a $275m sale of global depositary receipts on Tuesday night, in an accelerated bookbuild of both primary and secondary stock.
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Agrokor, the Croatian food and drinks producer and retailer, has secured a €200m club loan with four banks.
