Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The sovereign has finished international funding for 2026
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
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A fresh round of US sanctions killed the Russian bond market’s nascent recovery, and sent Russian paper plummeting in the secondary market on Thursday. Some syndicate officials ascribed the sharp moves to widespread complacency about the risk of harsher sanctions. But others argued it was a typical knee jerk reaction, and that — despite crushing hopes of Russian issuance in the next few weeks — the new sanctions do not necessarily rule out deals later in the year. -
Loans bankers on Thursday morning were scrabbling to decipher what the newest round of the US's sanctions against Russia mean for live deals. Loans for Gazprombank and a Rosneft-linked facility have already been declared dead by some lenders.
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The development of Frankfurt as an offshore renminbi business hub has leapt ahead in 2014, with the appointment of an official clearing bank, the first offshore RMB bond issues settled and listed in the city and the granting of an RQFII quota of Rmb80bn. Joachim Nagel, member of the executive board of the Deutsche Bundesbank, with responsibility for information technology and markets, talks to GlobalRMB about the progress already seen and his expectations for the future.
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Alternatifbank is preparing to price a $250m five year deal at 143bp over mid-swaps this afternoon — right around where debt bankers off the bond saw fair value — having received over $1.6bn in orders for the no-grow note.
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Promsvyazbank priced a $300m seven year tier two note on Tuesday afternoon, and could increase the bond after an exchange offer on its older sub debt ends later this month. Bookrunners on the deal were pleasantly surprised by the strong reception, which came as EU leads meet to debate more sanctions against Russia.
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Food oil firms Creative Group and Kernel are greasing the way for Ukraine's syndicated loan market to reopen, after violent unrest that began in March caused just $11m of loans to be signed last quarter.
