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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Russia’s Rosinterbank held a roadshow on the morning of December 5 in Hong Kong for its inaugural renminbi-denominated bond, which comes shortly after a series of one-on-one investor meetings in Hong Kong and Singapore earlier in the week. While potential buyers concede that the bank is growing fast, they are also worried about possible systemic risks associated with a poor performing Russian economy and US sanctions. -
Russian Standard Bank is hoping to take a short cut to Basel III — using a consent solicitation to add write-down language to its old tier two debt. For investors worried about getting caught on the wrong side of the vote, RSB's proposal looks aggressive. But the function of bank capital is to protect the bank, not to simply reward investors without risk.
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Hulusi Horozoğlu, previously head of global capital finance and debt finance at HSBC Turkey, has been promoted to assistant general manager, head of banking and capital financing. He is now responsible for all debt financing products as well as the bank’s investment banking operations which includes its M&A and equity capital markets business, global banking coverage, multinationals business and FIG.
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Rosinterbank, a second tier Russian bank, has revived its plans for a debut renminbi-denominated bond, holding one-on-one investor meetings this week in Asia. The bank had appeared to be close to launching a bond back in August, but some bankers think it will not be much easier to get a deal away now, unless the borrower is prepared to price very generously.
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Grupo Actividades de Construcción y Servicios (ACS) of Spain is in talks with a group of banks to refinance €2.2bn of debt, and plans to complete the deal in January 2015.
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Sekerbank will become the first Turkish bank to make use of the European Bank for Reconstruction and Development’s Trade Facilitation Programme (TFP), having agreed a $50m trade facility.
