Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Takeover will increase the Hungarian bank's total assets by around 13%
Issuer has the country's longest tier two curve
The sovereign has finished international funding for 2026
Private placements are not unknown for CEE sovereigns, but this is the biggest for years
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Kazakhstan Temir Zholy (KTZ), the national rail company of Kazakhstan, is set to make its Swiss franc debut on Wednesday afternoon, selling a dual tranche deal. A lack of demand from institutional buyers is likely to limit the size of the deal, though the issuer could look to tap the deal quickly if interest in the grey market is strong enough.
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ABH Financial, the holding company for Alfa Bank, has price guidance out for the first Russian primary market deal since Russian Railways in late February. The modest size and short tenor mean some debt bankers think it unlikely to reopen the Russian market more broadly, though the deal’s good reception with investors is helping to build positive sentiment towards Russian paper.
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International Bank of Azerbaijan (IBA) is preparing to price a $500m five year bond this afternoon, having received almost $1bn in orders and narrowed price guidance to around 200bp over government bonds.
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The CEEMEA market was back on form after a holiday induced slowdown last week. International Bank of Azerbaijan (IBA) and Russian ABH Financial are both aiming to price dollar bonds on Wednesday, while Morocco and Access Bank have added themselves to the African pipeline.
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Russian telecommunications firm TransTeleCom has a signed a Rb3bn ($85m) five year credit line from VTB Bank. -
Central and Eastern Europe has benefited from a rally over the last few months, as funds have rotated out of Russia and into that region. But with tensions seemingly subsiding in eastern Ukraine and bankers eagerly expecting a return of Russian bond issues before the end of the year, the flows may start to reverse. The revival of Russian business could come at the expense of appetite for the CEE.
