Central and Eastern Europe (CEE)
-
Estonia returned to the capital markets on Wednesday after 18 years away, introducing itself to a new set of investors as an SSA borrower. -
The Republic of Hungary won a €7.25bn order book on its debut in green bond markets on Tuesday, printing a €1.5bn trade.
-
Estonia’s LHV Pank sold its first covered bond on Tuesday, attracting very good demand for the sub-benchmark deal, which provided it with long term funding from new investors.
-
The Republic of Hungary made a swift return to bond markets on Tuesday, selling its debut green bond deal just over a month after a €2bn dual tranche trade.
-
Uralkali, the Russian potash fertiliser producer, signed a $665m pre-export facility (PXF) with a consortium of international banks, as lenders say that Russian borrowers seeking funding are finding pricing remains the main point of contention with lenders.
-
Poland’s mBank has announced a tender offer for a maximum of €400m of its bonds, as it seeks to manage its MREL requirements.
-
-
European emerging market names have bulked up deal flow during the Covid-19 crisis and The Republic of North Macedonia continued that trend on Wednesday with a six year euro benchmark deal.
-
The Republic of Estonia has mandated for a 10 year benchmark bond, as it prepares for its first foray into bond markets since 2002.
-
Ukrainian and IMF officials have come to a preliminary agreement to provide the country with $5bn of aid after president Volodymyr Zelensky signed much-anticipated banking legislation into law. Market watchers have now urged the country to come to the bond market before the situation has a chance to sour.
-
A Pln700m ($168.9m) selldown of stock in Play Communications, the Polish telecommunications company, has shown that investor appetite towards some emerging market stocks is still alive, despite the asset class being hit hard during the Covid-19 pandemic.
-
Credit Suisse’s plan to launch a private credit opportunities fund has been undermined by a spying scandal, the departure of Jim Amine, and Covid-19, writes David Rothnie.
