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
More articles/Ad
More articles/Ad
More articles
-
VTB Bank on Thursday became the first Russian issuer to issue in the Swiss franc market since Russia’s annexation of Crimea earlier this year, shrugging off the worries of some syndicate bankers to increase the size of the subordinated bond while pricing competitively to Gazprombank’s own Swiss franc tier two.
-
Russia’s central bank sold a Rb16bn ($470m) stake in Moscow Exchange through an accelerated bookbuild on Tuesday night as Russian equity capital markets began to normalise, writes Andrew Griffin. While the deal could pave the way for a return of follow-on equity sales, IPOs are not expected from Russia until the market becomes more supportive, bankers said. -
Garanti Bank sold a €500m five year bond on Tuesday in line with initial price thoughts — an unusual event in CEEMEA where pricing is typically tightened. But a syndicate official on the note said he was pleased with the result, and one away from the deal said Garanti’s generosity may have been necessary after a string of Turkish bank deals in the last month.
-
Poland sold a 3.5% stake in utility PGE Polska Grupa Energetyczna this week, raising Z1.325bn ($436.3m) through the block trade.
-
Fined a record $8.9bn by the US Justice Department for evading sanctions on Sudan, Cuba and Iran and hit by a dollar trading ban on parts of oil and gas business that starts next year, it’s safe to say BNP Paribas has had better weeks. Quite how the heavy punishment will affect BNPP’s ambitions and operations in the US remains to be seen. However, the French bank remains determined to continue the development of its emerging markets business, including its successful CEEMEA franchise. GlobalCapital’s Francesca Young speaks to Nick Darrant, head of CEEMEA syndicate, Giulio Baratta, head of CEEMEA DCM and Alexis Taffin de Tilques, managing director, head of CEE, near-East and Africa DCM about how the bank wins business in the region.
-
Bulgarian government bonds, including its recent Eurobond, this week shrugged off a mini banking crisis that last week spread through a seemingly malicious email and social media campaign. An emergency credit line for the banking sector from the sovereign helped end the panic.
