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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Fresh mandates are helping raise hopes of an increase in the hitherto meagre volumes of primary CEEMEA issuance. But that market’s pipeline is being dwarfed by an approaching wave of Latin American transactions as the region refuses to let the Fifa World Cup get in the way of deal flow.
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Romania’s state restitution fund is selling a L218m ($68m) stake in the country’s power grid operator Transelectrica through a sale launched on Tuesday morning. -
Even as Ukraine called off a ceasefire and ordered troops to crack down on pro-Russia protests, Russia’s equity capital markets seemed to return further towards normality with a sale of $470m of the Moscow stock exchange. There is no contradiction between those two events and market participants should cheer the return of nuance.
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Bondholders have approved Ukrainian financial VAB Bank’s second attempt at another restructuring of its June 2014 Eurobonds. The agreement helps the bank preserve liquidity at a time when many Ukrainian institutions are under pressure, but analysts are not ruling out the possibility that the issuer could return for a third restructuring in the future.
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Turkey's state-owned Halkbank has signed an $807m-equivalent dollar and euro loan.
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Russia and its companies are looking east, as conflicts and sanctions sour relationships with the West. The result could be a big boost for China's drive to internationalise the renminbi, as Russia looks to reduce its dependence on the dollar and China seeks the long term goal of establishing a rival global reserve currency. Trade and infrastructure finance will be hot areas, and could be boosted with the emergence of a new China-led development bank.
