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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International Bank of Azerbaijan started investor meetings this week for its first dollar benchmark bond. The issuer can use a recent sovereign benchmark as a pricing reference point, although asset quality and Russian exposure could push it well wide of government spreads.
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The primary covered bond market is set to pick up next week, with deals from issuers in the UK, Germany and New Zealand in the offing. Yorkshire Building Society announced its intention to go on the road and bring its first euro deal in five years, Westpac New Zealand has said it also launch a roadshow next week to market the first covered bond since the country enacted a legal framework and Dexia Kommunalkreditbank is set to return with its first deal since 2011.
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Georgian TBC Bank is set to be valued at up to $765m as it starts bookbuilding on the country's second ever IPO on Monday, after an educational period spent calming investors' worries about the region. -
Moody’s cut Poland’s PGE Group by one notch on Monday, the same day the issuer started investor meetings ahead of its first ever euro bond deal. However, the borrower remains investment grade despite the downgrade, which together with the lack of issuance from CEE corporates is whetting appetites for the issuer’s entry into the international bond market, said debt bankers on the deal.
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Société Générale has hired Yury Kiselev as a director in its DCM team covering Russia and CIS Eurobonds. Kiselev was hired from Citi where he was head of local debt capital markets in Russia.
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Polish cable firm Multimedia Polska pulled its IPO on Wednesday night, as the pension fund reform that larger deals had swatted off came back to hurt it, alongside a general lack of excitement around the deal.
