Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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Good news from the US Federal Reserve — in the form of a more dovish rate announcement than some market participants had expected — brought a sanguine close to a turbulent week for credit derivatives and boosted equity markets, but only added to the pressure on emerging market countries and their currencies.
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More cross-border RMB activities can be expected as the People’s Bank of China (PBoC) has approved Rmb50bn ($774m) of RQFII quota to Thailand, and agreed with Russia to deepen bilateral financial co-operations, including facilitating the Russian government to issue Panda bond in China. -
O2 Czech Republic has signed up to Ck12bn (€444m) of loans, of which it will use part to fund a share buyback programme.
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Novorossiysk Grain Plant finally listed and started trading on the Moscow Exchange on Tuesday, after having delayed closing the deal for three weeks.
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Russian steel company Evraz raised $750m from a bond that was printed tight to secondary levels on Thursday as it benefited from huge pent up demand for Russian corporate paper, even in a volatile market for metals and mining firms.
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With SSA investors increasingly muscling in on CEE bonds, a small number of banks have transferred execution for these sovereigns to their SSA syndicates. But a GlobalCapital poll showed that most banks have not yet done so and may not for some time, despite their spreads, already converging with the SSA market, having been shoved closer still by European quantitative easing.
