Central and Eastern Europe (CEE)

Ukraine's Privatbank is offering holders of its 2015 Eurobonds better terms for a second reprofiling attempt if they agree to an interim three month maturity extension.

The Ministry of Finance of Ukraine has agreed to meet with its ad hoc creditors’ committee on Wednesday in San Francisco where Ukraine’s biggest creditor, Franklin Templeton, is based.

UniCredit’s second quarter profits were up almost 30% from last year, with the commercial and investment bank and Italian commercial bank taking most of the credit. The CEE business remains important, but Russia dragged the division sharply down.

The Ministry of Finance of Ukraine has bowed to its creditors’ request for more time in preparing a revised restructuring offer. The two sides will now meet early next week, but analysts believe the chance of Ukraine imposing a debt moratorium are increasing.

The Ministry of Finance of Ukraine has catered to its creditors’ request for more time in preparing a revised restructuring offer. The two sides will now meet early next week, but analysts believe the chance of Ukraine imposing a debt moratorium are increasing.

Gazprom Marketing & Trading’s (GM&T) $500m credit facility was launched at $350m and increased to $500m after strong demand from banks, including a number of Asian names.

Russian oil company Lukoil is bringing forward another rare Russian loan by syndicating the $500m tranche of a $1bn loan, which is due to close imminently according to bankers.

Ukraine’s finance minister Natalie Jaresko has invited the country’s creditors to a meeting in London on Thursday to discuss her government's restructuring proposal in an attempt to agree on a solution for the country's worsening debt crisis.

Gunvor Group started a buyback offer on its dollar bonds this week, prompted by a $1.7bn profit it made from selling Russian assets.

Lukoil is due to close syndication imminently on the first $500m tranche of a $1bn loan backed by the Asian Development Bank and European Bank for Reconstruction and Development, according to bankers close to the deal.

Bondholders overwhelmingly approved State Savings Bank of Ukraine’s (Oschadbank) Eurobond reprofiling plans this week, which senior board members said should answer rumours of a possible default.

The Republic of Slovenia on Thursday ripped into the private placement market for the first time, fulfilling a desire at the ultra long end.