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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Renaissance Credit completed a buyback of its 7.75% 2016s on Friday but the recent Russian Eurobond rally meant that many investors decided to hold onto the bonds.
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Moody’s downgraded Russia to sub-investment grade on Friday, prompting a 15bp-20bp sell-off in spreads after a 100bp tightening the previous week.
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Russia plans to open its first Islamic bank in the Republic of Tartarstan by the end of the year, Linar Yakupov, president and head of Islamic finance at the Kazan based Islamic Business and Finance Development Fund (IBFD Fund), told IFIS.
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Kazakhstan is working on a sovereign sukuk following the country’s successful return to the Eurobond market in 2014, a central bank official told GlobalCapital Emerging Markets.
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International Bank of Azerbaijan closed its debut commercial paper deal on Friday.
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Turkish state-owned agricultural bank Ziraat Bankasi has followed the lead set recently by peer Akbank by launching a loan which includes a 367 day tranche.