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
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Hungary and Poland’s banks should be able to ride through the Swiss franc storm largely unscathed, despite the large volume of loans still outstanding in the currency in these two countries, said two analysts in London. -
Sekerbank is holding investor meetings for a covered bond which will be the bank’s first ever international bond issue. It will also be the first ever public Turkish covered bond.
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Akbank TAS is out in the market with a new dollar bond, a week after the Turkish sovereign made its 2015 debut. The bank is making an opportunistic move to take advantage of tight spreads caused by a flight to less volatile credits across CEEMEA.
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Sekerbank is holding investor meetings for a covered bond which will be the bank’s first ever publicly syndicated deal targeted at investors in the private sector mainly in Europe. The deal takes advantage of the amended law which allows for greater use of derivatives in the cover pool.
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Russian steel company Severstal has announced a buyback of up to $600m in aggregate of its 2016s and 2017s via Citi and JP Morgan.
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Speculation is building over whether Western banks will pitch for a bond deal requested by Belarus. The eastern European country, a dictatorship with a poor human rights record, released a request for proposals at the end of last year. However, when Belarus last released an RFP for a bond in 2012 investment banks refused to get involved. The discussion is especially pertinent as Belarus has asked banks to highlight whether they are sanctioned by the US or EU, effectively ruling out business with the Russian state-owned banks.
