Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Private placements are not unknown for CEE sovereigns, but this is the biggest for years
Market participants have highlighted drop in Uzbek bond volumes this year
Uzbek issuance has fallen to near zero after a busy few years
Bookbuilding slower than normal due to the restart of war between the US and Iran
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Russian aluminium producer Rusal priced its second Panda bond of the year on September 1, reopening the market after a quiet month.
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United Biscuits, the maker of McVitie’s biscuits and Jacob's Crackers, signed a £725m syndicated loan on Thursday with 21 banks.
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Emerging markets bankers have been moving towards unsecured debt and lower pricing in the Russian loan market, however the latest round of US sanctions has dragged Rosneft’s long-running $5.2bn acquisition loan back into the spotlight. Bianca Boorer reports.
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With a GDP per capita of just $796, and foreign exchange reserves that cover just 9% of debt obligations, the Republic of Tajikistan cannot claim to be a frontier market, let alone an emerging market country. But that should be no obstacle as the Central Asian state approaches a bond market that has seen Belarus and Iraq raise debt with ease in recent months.
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International Bank of Azerbaijan (IBA) is expected to launch three new bonds on Friday that have been born out of a restructuring of $3.34bn of the bank’s debt.
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Bank of Russia (CBR) has stepped in to help stricken Otkritie, in what is the first bail-out of a systemically important bank in Russia, and arguably the largest Russian bank failure in history.