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CEE

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BSTDB has had a tricky time since Russia attacked Ukraine, both of which are shareholders
Demand peaked at six times the deal size, but many orders dropped out
The Ukrainian company's January deal performed well on secondary
◆ Deal was priced tighter than the issuer's previous covereds ◆ Banker said spread tightening 'speaks for itself' ◆ Second banker put spread through FV
  1. CEE
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  • CEE
    The Republic of Poland on Tuesday launched a three year euro bond, while Ukraine mandated banks for a 12 year dollar benchmark. Though bankers say the window is finally open for emerging market corporate issuance, there remains robust appetite for govvie debt.
  • Turkey Export-Import Bank has raised a €380m loan with a partial guarantee from the World Bank. The deal complements a successful first half of the year for Turkish lenders in capital markets, in which almost all the top tier banks have raised loans.
  • Emerging market investors are anticipating a wave of corporate and FIG issuance from across the CEEMEA region, which they say will be welcomed with open arms. Russian petrochemical company Sibur is the latest such borrower looking to being a new bond, hosting investor calls on Monday.
  • CEE
    Just one week after selling $1.25bn of bonds, Belarus’s yield curve has widened as protests hit the country.
  • SRI
    The coming months are crucial in determining how ambitious the European Union will be in decarbonising its economy to fight climate change over the next decade.
  • Yandex, the Russian internet company, has raised $800m through a sale of new shares to US investors and a private placement to a consortium of Russian oligarchs and VTB Bank.