CEE

  • US orders propel Allegro IPO on day one

    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.

  • SURE ready to roll, but Hungary held up

    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.

  • Ignitis opens IPO books after EBRD agreement

    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.

  • Akbank set to kickstart refi season for Turkish banks

    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.

  • Metinvest tests waters after sov bond saga

    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.

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