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Meanwhile, LatAm sovereign announces mandate for a multi-tranche deal that could come next week
Sovereign closed 'remarkable' deal despite US Treasury pricing drama
Big, volatile week in EM raises questions around fair values

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  • CEE
    Ukraine sold what Dealogic indicates is its largest international bond in almost a year last week, printing a $725m private placement (PP), easing the country’s cashflow concerns ahead of the expected autumn tranche of International Monetary Fund (IMF) money.
  • RusHydro, the Russian hydroelectricity firm, has filed for a Rb13bn capital raising in order to fund the construction of overhead power lines.
  • Banco Santander’s Chilean yesterday sold the first ever floating rate note in Chilean pesos, raising Ps75bn ($114m) in long three year notes.
  • Bonds from major Mexican issuers tightened on Monday after the USA and Mexico announced a preliminary bilateral trade to replace the North American Free Trade Agreement (Nafta).
  • Russia’s Polymetal has signed a $250m five year loan from a domestic lender, though the metals and mining company expects its leverage ratio to tick down by the end of the year.
  • Oman’s Bank Sohar has signed a $250m three year syndicated loan, as the lender continues its wide ranging growth strategy.