Central and Eastern Europe (CEE)
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Cyfrowy Polsat, the Polish television company, has signed a loan for Z12.5bn ($3.3bn) with 20 banks, which it claims is the largest ever corporate loan facility in zlotys. -
The IMF’s Christine Lagarde has urged Ukraine’s creditors to vote in favour of restructuring resolutions at a series of meetings the Ukrainian government has scheduled for October.
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Trading of derivatives on the Moscow Exchange was halted for two hours this week after systems failed.
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Iron ore pellet producer Ferrexpo’s talks to reprofile pre-export finance (PXF) debt have taken on an added urgency, after a Ukrainian lender in which the firm held some $174m was declared insolvent.
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Avangard, the Ukrainian agribusiness, announced last week that it intends to implement a restructuring proposal with three aims.
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The Republic of Latvia sold its €500m 10 year bond on Wednesday attracting a €800m book and a new SSA investor base.
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The Republic of Latvia sold its €500m 10 year bond on Wednesday attracting a €800m book and a new SSA investor base.
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A measure of calm is returning to energy commodity markets after a series of wild weeks, but implied volatility measures remain heightened across the sector.
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Russian steelmaker Novolipetsk Steel (NLMK) has arranged a syndicated loan of around $400m, after a long and protracted grappling with lending banks.
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The Republic of Latvia has released initial price guidance at 40bp area over mid-swaps for its new 10 year euro denominated bond, representing only a 20bp new issue premium, but a doubling of the sovereign’s secondary spreads, according to bankers away from the note.
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The Republic of Latvia has mandated DNB, HSBC and Natixis to arrange a 10 year euro denominated benchmark bond, its first since the start of ECB sovereign bond buying.
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International syndicated lending to Russia this year is running at its lowest volume since 2001, and less than a third of the total lent by this point last year, according to Dealogic.
