Central and Eastern Europe (CEE)
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Ukraine returned to the international bond market on Thursday to issue the Reg S/144A 12 year bond that it pulled just weeks ago when its central bank governor resigned right after it was priced. -
Ivan Tavrin, the former CEO of Russian telecoms company Megafon, is seeking to raise $250m for a special purpose acquisition company (Spac) which is likely to target a merger with a Russian company.
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Russian steel producer Novolipetsk Steel (NLMK) has raised a €600m syndicated loan, as experts say that the continued presence of Russians in the market during the crisis is down to the resilience they were forced to acquire after years of sanctions.
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The Republic of Lithuania returned to bond markets for its second trade in less than three months on Tuesday, tapping euro investors for a 30 year trade.
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Investors are growing increasingly excited about the IPO of Allegro, the Polish e-commerce platform, and the sources working on the deal are hoping to use this momentum to launch the deal early in the autumn.
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Krylyo Shevchenko, the chairman of state-run Ukrgasbank, has been selected as the new governor of the National Bank of Ukraine (NBU) after weeks of deliberation. The choice has elicited a mixed reaction from market spectators, some of whom hope that Ukraine can salvage its international debt market access and IMF funding. Mariam Meskin and Ross Lancaster report.
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Ukraine's access to both IMF funding and debt markets was at "high risk" as concerns arose over the candidates to be the next governor its central bank. The IMF warned president Volodymyr Zelensky on Tuesday of the importance of maintaining the National Bank of Ukraine's independence, which some say highlights how critical the choice of governorship will be.
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A 5.75m American Depositary Receipt (ADR) trade in HeadHunter Group, a company which produces software for recruiters, has become the latest in a string of Russia equity placings.
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The European Central Bank will begin supervising financial institutions in Bulgaria and Croatia from October 1, as the two countries prepare to join the euro. Firms entering the Banking Union for the first time will also fall under the Single Resolution Board’s remit for the minimum requirements for own funds and eligible liabilities (MREL).
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Emerging market corporate bond supply grew on Thursday, with a strong showing from the Central and Eastern European region added to by Czech Gas Networks.
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Central and Eastern European commercial real estate operator NEPI Rockcastle issued a green bond on Tuesday, attracting new investors to its debt.
