Central and Eastern Europe (CEE)
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Latvenergo, a state-owned Latvian electricity company, opened books on a sub-benchmark sized green bond on Wednesday morning — its first ever international bond deal and Latvia's first green bond.
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Hungary is busy positioning itself as the first potential offshore renminbi hub in Central and Eastern Europe. Its central bank, Magyar Nemzeti Bank (MNB), launched an RMB initiative earlier this year to push Budapest's credentials and Daniel Palotai, the bank's executive director for monetary policy, spoke to GlobalRMB about the bank’s plans. -
Magyar Nemzeti Bank (MNB) — the Hungarian central bank — is planning to buy RMB-denominated bonds for its official holdings.
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A new narrative on Greece has emerged. Syriza, the country’s recently elected left-wing party, has for months been known across Europe and across capital markets exclusively for its anti-austerity views. Now, we are hearing something at once more surprising and more worrying: that Greece, under its new government, is beginning to side with Putin’s Russia.
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It is a truth universally acknowledged that the important parts of any financial conference typically take place off the stage rather than on it.
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Russia's Siberian Coal Energy Co (Suek) might take its five year pre-export finance facility into general syndication after it closed at $1.5bn in senior syndication, with commitments of more than $2bn.
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Russia's largest shipping company Sovcomflot has signed a $316m 10 year project finance facility from three lenders.
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Russia’s DeltaCredit Bank has opened books on a Rb5bn ($151m) five year covered bond and is aiming to close the deal by Friday, said bankers on the deal.
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Société Générale’s Russian subsidiary, DeltaCredit Bank, is expected to place notes of its recently priced covered bond on Tuesday, its treasury told The Cover. It is expected to return with further deals next year as the Russian fledgling covered bond framework continues to restrict local issuers to their domestic market.
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The Russian mortgage market has grown quickly, lifting prospects for fledgling covered bond issuance. However, despite being Ucits eligible and in line with the European Covered Bond Council’s Label definition, the country’s legal framework is not yet aligned with western Europe’s.
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In the midst of the global financial crisis, officials at the National Bank of Azerbaijan are making time to review a draft covered bond law for the South Caucasian country, in a sign of their commitment to a project that is aimed at stimulating its mortgage market.
