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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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Andras Simor has been promoted to vice-president for finance and chief financial officer of the European Bank for Reconstruction and Development, effective from October this year. -
Polish borrowers have benefitted the most from the near-shutdown of the Russian loan market, as central and eastern Europe's second largest market raised more loans in the second quarter of 2014 than in any other quarter of the last two years.
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The appointment of new clearing banks in Paris, Frankfurt and Seoul, as well as the promised expansion of two way cash sweeping to all foreign corporates in China, should help boost non-Chinese offshore RMB issuance, analysts reckon.
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The Romanian state restitution fund completed a L213m ($66m) sale of shares in the country's state-owned power grid operator Transelectrica on Tuesday evening, with local investors joining select international funds to complete the latest in a run of Romanian deals.
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Russian steel company NLMK Group announced a tender offer on its 2018 and 2019 dollar bonds, and is planning to buy back up to $100m across the two notes.
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Russia's Gazprombank has sent out a request for proposals for a new loan, closely following its compatriot financial institution VTB, which is in the market now for a $1.5bn facility.
