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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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Turkish state-owned agricultural bank Ziraat Bankasi completed a loan of over $1bn on Tuesday, increasing the deal size from last year following high demand.
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Ukraine Export-Import Bank is asking bondholders to approve a three month extension to its Eurobond due April 27 and the prospect of full repayment looks bleak.
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Idea Bank, the Polish challenger bank, on Wednesday set the price of its Warsaw IPO at Z24, the bottom of the range, and reduced its size, because investor demand failed to meet expectations.
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Wirtualna Polska, the Polish internet portal company, is in the investor education phase of its initial public offering, which could value the company at about €160m.
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Gianfranco Bisagni has joined the corporate and investment banking division of UniCredit as deputy head, as the bank splits divisional responsibilities in two.
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Idea Bank, the Polish challenger bank, is expected to reduce today the size of its Warsaw initial public offering because investor demand for the deal failed to meet expectations.