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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Agroton Public, the Ukraine based agricultural company, has further delayed interest payments on its $50m notes due 2019 after bondholders voted in favour of the extraordinary resolution on Monday. The company’s operations have been severely impacted by the fighting in eastern Ukraine and analysts say its financial outlook is dire. -
The beating that Russia’s markets took this week wasn’t on the same scale as the 1998 crisis but it was nevertheless shocking even for veterans of the earlier collapse, who were left slack-jawed at the free-fall of the rouble on Tuesday, writes Francesca Young. Even after the authorities got their act together and produced a package of stabilising measures and interventions on Wednesday, investors are now acutely aware of the heightened risk of defaults next year as weakness cascades through the economy.
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Gazprombank is demanding full repayment of an $842.5m loan to a Ukrainian company, Ostchem, before year end. Ostchem might become the first of many Ukrainian companies to default on loans to Russian banks in the coming months.
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Russian Standard Bank is continuing its debt management programme and surprised analysts with an early buyback of its 2017s on Monday.
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KazMunaiGas is still arranging its $600m loan through operating subsidiary, Urikhtau. The deal will likely close early next year, said a banker on the deal. A banker away from the deal said the deal may be struggling.
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The Russian economic crisis this week boosted participation in a tender offer for Evraz's 2015 bond. Investors accounting for $278m of Evraz's $576.7m 2015 notes agreed to a company buyback of the note at just over par.
