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
More articles/Ad
More articles/Ad
More articles
-
Bahrain-based alternative asset manager Investcorp made its Swiss franc debut on Thursday afternoon, increasing the size of a five year deal in response to strong demand from retail investors drawn in by a juicy coupon.
-
The most politicised new issue for many years – Ukraine’s USAID-backed $1bn five year bond – could be followed by several more as the sovereign battles both the threat of civil war and a raft of redemptions this year and next. But lead managers run the risk of Russia shunning them on its rival future mandates, bankers have warned. -
The project finance market is readying $12.5bn of loans for two separate deals for energy firms Gazprom and Socar, with a $3.5bn deal for Socar’s Star refinery due by the end of May.
-
Montenegro sold a €280m five year bond this week, pricing its largest ever bond deal with its lowest ever coupon. After drawing €1.6bn in orders the notes were bid over three cash points higher in the secondary market on Thursday, with under allocated investors chasing paper in the secondary market.
-
Georgian lender TBC Bank this week shrugged off fears about the crisis in Ukraine spreading, as it launched an IPO that could be a pathfinder for companies looking to move past the volatility in the region and for Georgia’s stalling privatisation plan. The deal could even be helped by trouble in Ukraine and Russia as EM funds look to reallocate cash into safer markets in central and eastern Europe, said bankers close to it.
-
Russian steel manufacturer Severstal kicked off what some bankers expect to be the first of a run of Russian asset liability management trades this week. Low cash prices and leftover Capex cash are prompting the country’s corporates to turn to tenders, they said, but a volatile and uncertain bond market presents problems for such exercises.
