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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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  • Standard & Poor’s is due to opine on Romania’s creditworthiness after markets close on Friday, though analysts think the sovereign will be strong enough to hold on to its investment grade rating despite major political upheaval.
  • Lenders unconcerned as recession portents mount — Booking Holdings gets global group for revolver — Pemberton raises €3.2bn more for Europe’s mid-market — Eurotorg re-enters rouble debt market
  • CEE
    Poland’s prefunding for 2020 may even be higher as a proportion of total funding than the 34% it reached for 2019, said Robert Zima, head of the debt management office (DMO) in Warsaw, thanks to an expected lower budget deficit which means that the country’s total borrowing requirements are set to fall.
  • Belarusian food retailer Eurotorg has hit the Russian rouble-denominated debt capital markets for the second time this year, raising a Rb3.5bn ($52m) loan.
  • The Securities and Exchange Commission has accused Deutsche Bank of hiring relatives of executives of state-owned enterprises (SOEs) in the Asia Pacific and Russia, in order to win business from those entities.
  • ABS
    Shareholders of the Budapest Stock Exchange (BÉT) decided to establish a securitization advisory subsidiary at a meeting held on August 14 to “facilitate the development of the domestic securitization market.”