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  • Emerging market lenders are preparing for another battering over loan prices as they await a request for proposals from Russian oil firm Lukoil.
  • Russian metals producer Norilsk Nickel priced a $1bn seven year deal flat to its own curve late last week.The borrower attracted over $6.7bn in orders amid a surge in risk appetite after a temporary solution to the US debt ceiling debate.
  • A series of foreign issuers are lining up to tap a heavily liquid investor base in the Czech Republic, dealers told EuroWeek Emerging Markets on Monday.
  • SSA
    Romania priced a tap of a 4.625% September 2020 bond on Monday afternoon well inside initial price thoughts. The deal is another example of strong demand for Central and Eastern European sovereign paper, coming just days after Poland brought an oversubscribed tap of a €1bn January 2019 bond.
  • FIG
    Russian private bank Promsvyazbank has signed a dollar and euro loan totalling $300m from commitments of $500m. It was the easiest loan in the bank's history, but it doesn't guarantee the bank will be back again next year, said chief executive Artem Konstandian.
  • Belaruskali has extended the tenor of a $1bn loan, as the potash producer prepares for sustained volatility in the potash market following the break-up of the Belarus Potash Co joint venture, widely described as a cartel.