Central and Eastern Europe (CEE)
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The Budapest branch of Bank of China was appointed by People's Bank of China as the official RMB clearing bank in the country on June 27, PBoC said in a statement. -
Commerzbank has added to its credit trading capabilities in London by hiring an experienced structured credit specialist.
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As an indirect beneficiary of the European Central Bank’s quantitative easing programme, Poland started 2015 with an extraordinary rally, culminating in the printing of a Swiss franc bond with a negative yield — the first ever for an emerging market borrower. More recently though, yields have backed up as the ECB rally has run out of steam.
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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.
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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.
