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The Romanian economy is struggling to get out of recession
The syndication is among the Dutch development bank's largest in the region and attracted Middle East lenders
Takeover will increase the Hungarian bank's total assets by around 13%
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Turkey’s Ziraat Bank is hoping to launch a debut Eurobond later this year, and has picked banks for a benchmark size transaction. The issuer is also looking at breaking into the covered bond and sukuk markets further down the road as part of an effort to diversify away from deposit funding.
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Azerbaijan's Unibank is due to sign an oversubscribed $25m syndicated loan by Thursday next week. Although small, the loan has got bankers excited because of the prospect of getting a higher return than is available from larger loans for state-owned CIS financial institutions such as Gazprombank.
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Russian real estate developer Etalon has hired Kirill Bagachenko as head of corporate investments and investor relations — with a particular focus on the IR side of the job.
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Emerging market lenders have responded to a request for proposals (RFP) from Russian private bank Promsvyazbank to refinance a $400m loan. Promsvyaz wants to raise a one year facility.
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Russian real estate company RosEuroDevelopment Group has signed a €135m seven year facility to purchase Aura mall, one of Siberia's largest shopping centres.
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Global sukuk issuance in 2013 has lagged 2012’s record levels by some way, with the gap growing wider in recent months. But a strong end to the year, led by large sovereign deals, could help reduce the shortfall.