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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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Bankers have cautioned against expecting Akbank to set a template for peer Turkish banks with its three year loan offer, saying the reduced lending group suggests others might struggle to emulate the deal.
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As the half year point of 2015 approaches, year to date CEEMEA volumes are at their lowest in six years. No bookrunner has escaped the plunge in volumes although a couple of institutions have managed to beat the odds and take a larger share of a shrinking CEEMEA market.
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The Russian loan market lockdown has taken a surprise twist, with borrowers attempting to use the dearth of deals elsewhere in Central and Eastern Europe to turn the screw against banks on pricing.
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Astaldi, the Italian construction group, has signed a $5bn financing deal with banks to back a motorway project in Turkey.
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As the half year point of 2015 approaches, year to date CEEMEA volumes are at their lowest in six years. No bookrunner has escaped the plunge unscathed. But some have suffered more than others, and a rare few have taken a larger share of a shrinking CEEMEA market.
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Moto-Pfohe, the Bulgarian importer of cars, has signed €80m of senior secured term and revolving loan facilities.