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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Moody's assigned a provisional rating to the Turkish Lira-denominated covered bonds of Akbank, raising hopes that the first such deal from the region will soon be seen.
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Electricity Supply Board, the Irish power company, has amended and extended a €1.44bn loan facility with Intesa Sanpaolo and Santander joining the syndicate for the first time. -
Alliance Oil has announced a consent solicitation on its $350m 9.875% 2015s but only registered bondholders will be told exactly what the issuer is looking to do.
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The Turkish deposit insurance fund’s takeover of Bank Asya’s senior management positions has had only a minor impact on the rest of the country’s participation banks, analysts told IFIS. Even if the government does find a way to completely take over the troubled participation bank, a weakening currency and higher dollar interest rates are a far bigger issue for Turkey’s Islamic lenders than more state-owned competitors.
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Ferrexpo has increased to 25% the cash component of its exchange offer. The borrower has struggled to secure bondholder approval to exchange its $500m notes due 2016 and had already extended the early bird deadline.
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The pin-drop quiet of the Central and Eastern European loan market was broken this week by the sounds of not one but two Hungarian energy companies ramping up plans to come to market. The deals fly in the face of economic challenges for the country as well as oil market upheaval, but could take advantage of the lack of deals elsewhere in the region and a widely presumed absence of most Russian borrowers in 2015.
