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GC Asia
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Akbank and Ülker raise loans, lenders demonstrate resilience
Turkey’s Akbank has refinanced a syndicated loan with tighter margins than its existing facility, as lenders demonstrate unwavering appetite for Turkish debt.
02 Apr 2020 -
Russian firms eye up loans as Covid-19, oil war raise pressure
Russian commodity and metals companies are rethinking financing plans and talking to bankers about loans amid the drastic change in outlook due to Covid-19 and the oil price war. But bankers say borrowers insistent on pre-coronavirus terms on their deals must lower their expectations.
01 Apr 2020 -
Turkey joins QE club with new programme
Turkey has joined the list of emerging market countries experimenting with quantitative easing programmes in the wake of the Covid-19 crisis engulfing conventional funding markets.
31 Mar 2020 -
Evraz raises $750m, lenders stick to pre-virus terms
London-listed Russian steel firm Evraz has raised a syndicated loan with lenders honouring the pricing terms agreed before the outbreak of coronavirus that has wreaked havoc in markets.
31 Mar 2020 -
HSBC appoints new capital markets co-heads for MENAT region
HSBC has promoted two bankers internally to head up its capital markets business in the Middle East, North Africa and Turkey.
31 Mar 2020 -
Slovenia EUR850m 0.253% Mar 23, EUR250m 0.695% Mar 29
26 Mar 2020 -
Slovenia adapts pricing for Covid-19 markets
The Republic of Slovenia navigated a much changed euro new issue market on Tuesday, executing a three year bond and tap that required unconventional pricing tactics.
25 Mar 2020 -
Ukraine beats path to IMF as pandemic hammers EM bonds
The pace of emerging markets borrowers’ requests for official institution funding, amid the shocking deterioration of their bond markets, is picking up pace. On Sunday, Ukraine's president Volodymyr Zelensky said that he had discussed using International Monetary Fund resources to fight the economic impact of Covid-19.
23 Mar 2020 -
Suek braves volatility to re-enter market
Siberian Coal Energy Co (Suek) is seeking financing from lenders, according to two market sources. The borrower is braving lenders' wariness about coal companies, which last year weighed on demand for a Suek loan, and the global volatility caused by the spread of the Covid-19 virus.
19 Mar 2020 -
EM lenders open for business – but only for top credits
As the deadly Covid-19 virus continues to wreak havoc on global markets and supply chains, emerging market lenders are proceeding to discuss financing options with clients, but are only comfortable funding those of the highest quality, according to bankers. Origination processes are becoming more stringent than ever, with some lenders requesting to see borrowers detailed contingency plans.
16 Mar 2020
