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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Damian Chunilal, the CEO for Asia at Russian bank VTB Capital, has resigned from the firm. Judy Lim, the bank's Singapore head, is assuming the role of interim CEO, and GlobalCapital Asia understands that no decision has been taken on whether the bank will seek an external replacement, writes Mark Baker.
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After signing a memorandum of understanding (MoU) with Bank of China (BoC) on August 26, Deutsche Bank has become the first client to use Frankfurt's offshore RMB clearing service, for which BoC is the clearing bank. -
Poland printed a seven year Swiss franc deal on Wednesday. The issuer visited the market — its first time since May 2012 — to refinance a five year bond in the currency set to redeem later this month, according to bankers in Zurich.
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Home appliances and consumer electronics company Arcelik priced the first euro denominated bond ever from a Turkish corporate on Tuesday. As a rare Turkish corporate with no need for dollars the issuer was able to escape the burdensome swap costs of earlier dollar deals, which helped it save some 40bp in funding costs, said a debt banker on the deal.
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Republic of Poland made a rare visit to the Swiss franc market on Wednesday, printing a seven year bond — its first issue in the currency since 2012. But despite the print bankers expect SSA issuers to remain rare in Swiss francs over the coming weeks because of the enticing levels on offer in euros coupled with movements in the euro/Swiss franc basis swap.
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The Republic of Turkey firmed price guidance for its 10 year JBIC-backed Samurai at 27bp-31bp over yen swaps on Tuesday morning.
