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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Credit Bank of Moscow became the latest debutant in the Russian RMBS market this week, placing its deal with private investors and demonstrating the product’s value to the country’s banks in volatile markets.
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Turkish banks pushed on apace with international funding drives this week, despite rising fears over Iraq knocking some froth off their recent strong rally. Isbank and Kuveyt Türk priced well with benchmark bonds and sukuk, while Albaraka Türk completed its sukuk meetings and Ziraat Bankasi announced plans to go on the road with a long-awaited inaugural dollar deal.
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This week’s CEEMEA and Latin American bond deals were trading up across the board on Friday, regardless of whether they offered chunky or non-existent new issue concessions, reports GlobalCapital. And while relative value rather than fundamentals drive investors’ decisions, the emerging market rally is only going to run and run, said bankers.
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A multi-billion dollar project finance facility for Gazprom, the Russian state-owned gas firm, to develop the Yamal gas field has been delayed because of the intricacies of putting together such a big deal, and not because of the Russian diplomatic crisis, according to senior loans bankers. -
Russian state controlled banks Sberbank and Gazprombank are preparing to bring the first benchmark deals from the country in almost four months. Deep demand, competitive pricing and lower execution risk have pulled both borrowers to euro market — Sberbank for the first time. Bankers and buyers are predicting smooth execution, and welcomed the first real sign of the Russian market’s rehabilitation.
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Three deals in Europe’s bulging IPO pipeline were pulled this week as issuers baulked at the softening valuations demanded by the region’s investors. Deals for budget airline Wizz Air, healthcare firm BBI Diagnostics and Nordcap Offshore were all cancelled at key stages in bookbuilding as it became more and more difficult to find satisfactory valuations for small cap firms.
