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CEE

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  • CEE
    PPF Arena 1, the Central European telecommunications company, has announced a roadshow this week for a benchmark euro transaction.
  • Yapi Kredi Bank has secured a $950m-equivalent loan, following Akbank, which heralded in the Turkish bank refi season last month. Glass manufacturing company Trakya Cam Sanayii also signed a €200m syndicated loan this month, signalling confidence in the Turkish market, despite what has been a bumpy year in the country's capital markets.
  • Rusal has signed the first internationally syndicated sustainability-linked loan from Russia. The heavily oversubscribed facility is part of a slowly growing shift towards green financing in Russia, said bankers.
  • Russia's VTB Bank has signed an agreement with African Export-Import Bank (Afreximbank) to boost trade finance cooperation between the two in Africa. The announcement comes on the heels of the inaugural Russia-Africa summit held this week in Sochi, during which a number of trade deals were said to have been signed.
  • Emerging markets issuers enjoyed supportive market conditions this week as a variety of deals gave low new issue premiums and attracted healthy order books. But with investors talking about downing tools for the year, it is not clear how much longer helpful conditions will last.
  • JP Morgan changes line-up for energy and utilities, multi-nationals, UK ECM and UK M&A — UniCredit swaps out CEE investment bank head — Pigasse exits Lazard