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
More articles/Ad
More articles/Ad
More articles
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CriteriaCaixa Holding, the unlisted company that owns stakes in CaixaBank and various industrial companies, sold a 2.28% stake in CaixaBank on Tuesday night, via a €566m Morgan Stanley block trade that was quickly covered.
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The sense that green shoots are appearing in Russian equity capital markets was strengthened on Tuesday evening (June 23) by the European Bank for Reconstruction and Development’s sale of part of its stake in Lenta, the hypermarket chain.
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Sunflower oil producer Kernel’s signing of a new credit facility with banks should encourage other Ukrainian borrowers to achieve loans, say bankers involved in the deal. -
Bank of China has signalled its commitment to Beijing’s “One Belt One Road” policy with plans for a new five-tranche, four-currency bond that will be issued by its branches along the trade rout. The senior notes in dollars, euro, Singapore dollar and offshore renminbi are expected to raise up to $4bn and are a global first.
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When an issuer is in danger of collapse, investors often have the wrong incentives. That’s why Metinvest is right to threaten bondholders with a cram down, just as the sovereign is right to threaten a debt moratorium.
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“Maybe a new story starts here, a story of an emerged but still vibrant country” — these were the last words of the foreword to a similar report on Poland published by Global-Capital in May last year. After a year I can say: yes, Poland is a vibrant economy. Not only one of the leaders in terms of growth in Europe, but also surpassing expectations in the field of public finances. The reduction of the fiscal deficit was higher than we anticipated and higher than required by the European Commission, which had recommended abrogation of the Excessive Deficit Procedure.
