Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The bank's regular appearances in primary markets stopped after Russia invaded Ukraine
Japanese government bond yields have risen during the last few months
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
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Energo Pro, a hydro power plant operator and electricity distributor in Bulgaria, Georgia and Turkey, opened books for its €250m bond issue at 4.5%-4.75% on Friday, higher than the low to mid-4% it originally indicated.
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Mining company Polymetal has converted an existing $80m bilateral credit facility with ING into a sustainability-linked loan. It is the first loan market activity from Russia since the US announced a fresh round of sanctions against some of the country’s oligarchs.
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Three CEE new issues are in the works: Bulgarian Energo Pro is hoping to print its bond as soon as Friday, Hungarian fertiliser company Nitrogénművek is looking to issue €200m with a new euro seven year non-call three bond, and Wizz Air has received its first ever credit rating, a likely precursor to a bond issue.
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Turk Eximbank raised $500m with its new six year bond on Thursday. While one banker on the deal said there was some buyside reticence to get involved with Turkish risk, meaning that a higher new issue premium was required, another claimed the premium paid was in line with the rest of the market.
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The Development Bank of Kazakhstan was set to price its tenge denominated Eurobond on Thursday evening in London from a book that was at the last update approaching Kt140bn.
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Avast, the Czech cyber security company, has set the terms of its London IPO, valuing it at £3.2bn at the top of the range.