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Deal's concession came to just a few basis points
Uzbek bank's deal is the first deal from the country in 2026
The lender started investor meetings late in April
The trade is the first from a 'mid-tier' Uzbek lender
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Russian companies are showing more interest in euro-denominated loans, as funding in the currency becomes cheaper and as US sanctions complicate borrowers’ access to dollars. Siberian Anthracite is expected to close a loan refinancing with a new euro tranche this week, and at least two Russian borrowers are in preliminary discussions with international lenders.
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Standard & Poor's has affirmed Romania's investment grade rating, at BBB- with a stable outlook. The central European sovereign escaped a downgrade to junk status, but bond auctions this week will determine appetite for the credit.
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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.
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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
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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.
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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.