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GC Asia
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Summit sells rights to fund CB buy, Russia project
Hong Kong-listed Summit Ascent Holdings, an investment holding company focused on operating resorts, is planning a rights issue worth HK$1.6bn ($206m).
14 Aug 2020 -
CEE locals step up but internationals still in the game
Domestic lenders across central and eastern Europe, often government owned, have stepped up during the coronavirus pandemic to provide substantially more funding than ever before. But international bankers still see plenty of syndicated lending opportunities in the region.
13 Aug 2020 -
Belarus unrest leaves investors wary
Political unrest in Belarus has thrown up difficult questions for emerging market investors, as ESG concerns rise and those who would buy still not seeing an attractive opportunity to do so.
13 Aug 2020 -
CEE lenders step up for local clients
Local lenders in central and eastern Europe have stepped up for local clients during the coronavirus pandemic. Structural factors will help them fortify their position against international banks should infections rise again.
10 Aug 2020 -
Turkish lira madness keeps bond plans on ice
A tumultuous week in Turkish currency markets ended with the lira hitting new lows against the dollar and the Central Bank of the Republic of Turkey finally taking action to try and calm volatility. Amid such swings, a sovereign bond issue looks unlikely.
07 Aug 2020 -
Akbank dips into near deserted green market
Akbank, one of Turkey’s largest financial institutions, has raised a green bond, the first of its kind from the country since the Covid-19 pandemic began.
07 Aug 2020 -
Wild times continue for lira as currency hits record low
Turkey continued to teeter on the brink of a currency crisis this week, as the lira went on another rollercoaster ride and touched a record low.
06 Aug 2020 -
BoE floats ‘temporary changes’ to capital buffers
The Bank of England has said it may be necessary to make ‘temporary changes’ to capital buffers in the UK, owing to concerns that the existing framework could discourage banks from lending during the coronavirus pandemic.
06 Aug 2020 -
Ukraine makes second stab at FX futures
The Ukrainian Exchange is reviving its FX futures market, two years after authorities shut down its trading software system.
05 Aug 2020 -
Poland’s PKN Orlen raises revolver in middle of acquisition spree
Polish oil refiner and petrol retailer PKN Orlen has raised a revolving credit facility. The Polish corporate is in the process of acquiring two fellow Polish energy corporates, as bankers predicted an uptick in M&A activity.
05 Aug 2020
