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GC Asia
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US orders propel Allegro IPO on day one
Allegro, the Polish e-commerce company, covered its Warsaw IPO throughout its range on the first day of book building on Tuesday as investors rushed into the book. It will be one of the largest IPOs of the year at around $2bn.
22 Sep 2020 -
SURE ready to roll, but Hungary held up
The European Union has passed the penultimate hurdle delaying its €100bn Support to mitigate Unemployment Risk in an Emergency (SURE) programme, all but clearing the way for issuance to begin. But one country’s request for funds has not yet been granted.
22 Sep 2020 -
Romanian markets set for growth after EM index inclusion
Romania’s promotion to secondary emerging market status in the FTSE Russell EM index is the spark that its capital markets desperately need to grow, experts have said.
22 Sep 2020 -
Bolshakov joins BCS Global Markets in Moscow
Russian brokerage BCS Global Markets has hired a senior executive from Citi to run its equities business.
22 Sep 2020 -
Ignitis opens IPO books after EBRD agreement
Ignitis Grupe, the state-owned Lithuanian energy and utility company, has opened books on its IPO on the Nasdaq Vilinus and London Stock Exchange. The company’s listing will benefit from a framework agreement signed with the European Bank for Reconstruction and Development, under which it will participate in the IPO.
21 Sep 2020 -
Akbank set to kickstart refi season for Turkish banks
Despite a plethora of risks for Turkish assets, including the lira hitting fresh lows and both banks and the sovereign facing downgrades, the bi-annual refinancing season for Turkish banks is up and running. According to lenders, Akbank will open the market with a deal likely to close soon.
18 Sep 2020 -
Metinvest tests waters after sov bond saga
Ukrainian steel and mining company Metinvest was one of several emerging markets issuers to tap bond markets this week. The deal was several times oversubscribed, confirming that investors are still on the hunt for yield and are willing to look to single B rated emerging market credits for that.
18 Sep 2020 -
Gold bulls drive demand for fifth Polymetal block of 2020
Alexander Nesis, the Russian billionaire who is the largest shareholder in gold miner Polymetal, sold a 4% stake in the company on Thursday - the fifth trade in the name this year.
18 Sep 2020 -
Bulgaria EUR1.25bn 0.375% Sept 2030, EUR1.25bn 1.375% Sept 2050
17 Sep 2020 -
European equity market wants more tech IPOs after Hut Group
This week’s £1.88bn ($2.43bn) IPO of The Hut Group (THG) in London is leading to hopes that European technology firms will follow in listing on their home markets rather than in the US.
17 Sep 2020
