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  • Russian steel producer Novolipetsk Steel (NLMK) has raised a €600m syndicated loan, as experts say that the continued presence of Russians in the market during the crisis is down to the resilience they were forced to acquire after years of sanctions.
  • Investors are growing increasingly excited about the IPO of Allegro, the Polish e-commerce platform, and the sources working on the deal are hoping to use this momentum to launch the deal early in the autumn.
  • CEE
    Krylyo Shevchenko, the chairman of state-run Ukrgasbank, has been selected as the new governor of the National Bank of Ukraine (NBU) after weeks of deliberation. The choice has elicited a mixed reaction from market spectators, some of whom hope that Ukraine can salvage its international debt market access and IMF funding. Mariam Meskin and Ross Lancaster report.
  • Tengizchevroil (TCO), the Kazakhstan crude oil company jointly owned by four international commodity companies including Chevron and ExxonMobil, launched a bond on Tuesday in search of five and 10 year funding from investors.
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    Ukraine's access to both IMF funding and debt markets was at "high risk" as concerns arose over the candidates to be the next governor its central bank. The IMF warned president Volodymyr Zelensky on Tuesday of the importance of maintaining the National Bank of Ukraine's independence, which some say highlights how critical the choice of governorship will be.
  • A 5.75m American Depositary Receipt (ADR) trade in HeadHunter Group, a company which produces software for recruiters, has become the latest in a string of Russia equity placings.