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The Romanian economy is struggling to get out of recession
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%
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Russian financial institution Promsvyazbank has hired three banks to arrange its one year $400m refinancing facility.
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Emerging market lenders are preparing for a fresh round of price tightening after Russian oil firm Gazprom Neft this week sent out a request for proposals for a $1bn loan. -
Russian private bank Nomos has sent out a request for proposals for a new one year loan.
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Hungary’s Export Import Bank priced its long awaited €400m dual tranche deal on Tuesday afternoon, which benefits from a guarantee structure never before used in the bond market. It took two months of execution before investors were comfortable enough to participate, but the triple-A rating and tight pricing should result in large cost savings for the issuer.
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Société Générale's Romanian subsidiary BRD has signed a €100m credit facility to be used to provide loans to domestic businesses.
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Russia's Gazprombank is due to sign its $500m three year facility by the end of October.
