Central and Eastern Europe (CEE)
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Ak Bars Bank has mandated Credit Suisse and UBS to arrange a Eurobond. If the deal goes ahead, it will be the first new issue from Russia this year.
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Georgian firm Rustavi Azot released price guidance for its $180m five year non-call three notes on Thursday, and now expects to price the bond on Monday.
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The Russian government has joined a growing group of sovereign CPI-linked bond issuers, and analysts expect the government to return for at least one more sale this year.
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Gazprom is asking for consent to modify the terms and conditions of its £500m 5.338% loan participation notes due 2020.
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Rustavi Azot released price guidance for its $180m five year non-call three notes and now expects to price the bond on Monday.
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The Russian government has joined a growing group of sovereign CPI-linked bond issuers, and analysts expect the government to return for at least one more sale this year.
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Rustavi Azot has released price guidance for its $180m five year non-call three notes at 11%-13% yield. The note is expected to be priced later this week.
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Slovenia priced a €1.25bn 10 year transaction on Tuesday with only a single digit new issue premium, according to bookrunners. The thirst for duration should help encourage other European sovereigns.
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CEEMEA is refusing to put its feet up for the summer. Slovenia has reopened European sovereign supply, Zambia is prepping a dollar benchmark and rarer names are offering old school emerging market yields in the double digits.
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VTB's huge multi-tranche tender offer makes financial sense, but also demonstrates the pessimistic outlook for Russian growth at one of Russia’s biggest corporate lenders, despite this year’s rally in the country’s bonds.
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Slovenia launched a 10 year euro benchmark on Tuesday, but decided against adding a 30 year tranche.
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Gazprom is asking for consent to modify the terms and conditions of its £500m 5.338% loan participation notes due 2020.