Central and Eastern Europe (CEE)
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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.
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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.
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Gunvor Group started a buyback offer on its dollar bonds this week, prompted by a $1.7bn profit it made from selling Russian assets.
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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.
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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.
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The Republic of Slovenia on Thursday ripped into the private placement market for the first time, fulfilling a desire at the ultra long end.
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Oliver Koepke is leaving mBank this week and Karol Prażmo will take over the role of head of treasury for mBank Group.
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Russian fertiliser producer Uralchem is in the advanced stages of syndicating a $400m four year loan and like other Russian deals seen this year, the loan is self-arranged, according to bankers.
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Ak Bars Bank launched the first Russian new issue of this year on Thursday evening in London, pricing at a yield of 8% from a book approaching $450m.
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Once the wild west of finance, emerging markets had dodginess and defaults aplenty. Now ethical investors want socially responsible investments. But if SRI criteria are too strict there will be nothing to buy, writes Steven Gilmore.
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Russian Uralchem is in the advanced stages of syndicating a $400m loan with a four year tenor, according to bankers on the deal.
