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The syndication is among the Dutch development bank's largest in the region and attracted Middle East lenders
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
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Bankers and analysts are divided over whether the West’s sanctions on Russia are likely to tighten. But even if they do, Russian banks and companies could survive being shut out of international bond markets for 12-18 months without a ratings downgrade, said Fitch analysts this week.
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Cable firm Polska Multimedia launched an IPO on Wednesday, as the sector continues to drive ECM issuance across Europe.
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Credit Bank of Moscow has succeeded in signing an international loan of up to $500m in the last few days, despite tensions over Russia's annexation of Crimea. But although 17 banks joined the deal, it was not an easy ride.
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mBank closed a successful €500m five year bond this week. The issuer trades too tight for some emerging market accounts and is not a natural choice for investment grade buyers. But it drew enough demand from both groups to price an oversubscribed bond with only a minimal new issue premium.
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Russian oil firm Rosneft has repaid to international banks $10.6bn that it borrowed for its $55bn acquisition of TNK-BP, the firm said on Tuesday.
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The international response to Crimea has been decided. All that remains is a few brief months of playfighting, with weak politics and even weaker sanctions.