Kazakhstan
-
At $300m, the Georgian bank would be printing the biggest ever AT1 from the country
-
The new issue premium was about 50bp at the starting point, said one investor
-
Issuance from the region will increase, said one investor
-
Kazakh airline completes triple listing on KASE, LSE and AIX
-
-
$300m IPO is one of the first big floats in EMEA this year
-
BAE Systems will sell shares in the airline it helped seed in 2001
-
Prime minister remains committed to privatisations although gloco says geopolitical risk put off international buyers
-
One banker on DBK's deal admitted to some anxiety over the market 'vomit', but investors held firm
-
Investors had largely brushed aside concerns over Kazakhstan's relationship with Russia
-
A successful print for Development Bank of Kazakhstan could encourage more CIS issuers
-
The Kazakh development bank's new issue would be the first from the country since unrest in January
-
Bondholders consider ramifications of shock uprising for Turkey, Russia and beyond
-
Investors are pondering the fate of Russian bonds after it despatched military personnel to quell Kazakh unrest
-
Investors spooked by violent Kazakhstan protests
-
Hard commodity bonds pique investor interest
-
The oil-rich nation took a blow from the global pandemic, but Kazakhstan is getting back on track
-
The Development Bank of Kazakhstan on Thursday launched a dual tranche bond in dollars and Kazakh tenge. Investor interest in emerging market local currency debt has increased over the last year, as the hunt for yield grows.
-
European equity capital markets continued to reel from volatility across the Atlantic on Friday. A sell-off in tech stocks is making the block trade market difficult and a popular IPO suffered on its first day of trading.
-
The announcement this week of two acquisitions involving European and emerging market companies has cheered loans bankers who have been missing big M&A tickets because of the Covid-19 pandemic.
-
Kazakh fintech and e-commerce firm Kaspi began trading on the London Stock Exchange on Thursday after completing a popular IPO. The deal was a remarkable achievement and there are hopes it means future growth-orientated IPOs from the emerging and frontier markets may see similar success, writes Sam Kerr.
-
Kaspi, the Kazakh fintech and e-commerce company, will price its IPO at the top of its price range. It will also grow the deal to around $1bn to meet high levels of investor demand.
-
-
Kaspi, the Kazakh fintech and e-commerce firm, has attracted enough orders to cover the books on its London IPO on the first day, according to sources close to the deal.
-
Kazakhstan’s state-owned oil company KazMunayGas raised a dollar bond on Wednesday, after what some investors described as a lengthy roadshow. KMG is the latest in a string of Kazakh borrowers that have come to capital markets over the last year to raise funding as investors develop an appetite for the central Asian country.
-
Kaspi IPO has officially launched its second attempt at a London listing and already built up a substantial shadow book of demand for the deal.
-
Equity capital markets bankers are heralding the success of emerging markets IPOs set to be priced in the coming days and weeks, including the flotations of Russia’s Sovcomflot, Lithuania’s Ignitis, Saudi Arabia’s BinDawood and Kazakhstan’s Kaspi.
-
Kaspi, the Kazakh fintech and e-commerce firm, has returned to the IPO market for a second attempt at a London listing after cancelling last year's effort over valuation differences between investors and the sellers. Sources say that gap has been bridged and are confident of listing Kaspi this year.
-
Tengizchevroil (TCO), the Kazakhstan crude oil company jointly owned by four international commodity companies including Chevron and ExxonMobil, launched a bond on Tuesday in search of five and 10 year funding from investors.
-
Kazakhstani crude oil company Tengizchevroil held an investor call on Monday ahead of its first entry into debt capital markets since 2016. The bond will add to the company's existing balance sheet, which has billions of dollars of outstanding loans and bonds up for redemption in coming years.
-
Samruk-Kazyna, the Kazakh sovereign wealth fund, raised $206.7m on Tuesday night through a share placing in Kazatomprom, the country’s state uranium company. Emerging markets investors, who have been lacking new paper during the coronavirus crisis, lapped up the shares.
-
The Development Bank of Kazakhstan (DBK) released initial price guidance for a tenge-denominated five year bond on Wednesday morning in London.
-
Development Bank of Kazakhstan (DBK) is embarking on a roadshow to market a tenge-denominated Eurobond.
-
Air Astana, the flag carrier of Kazakhstan, remains committed to an IPO as part of the Kazakh government’s privatisation programme that is intended to deepen the country’s fledgling capital markets, although the timing of the deal is yet to be determined.
-
IPO investors have one less deal to buy this autumn after Kazakhstan fintech firm Kaspi decided against proceeding with its London listing on Monday, because of volatile markets and disagreements about valuation.
-
Investors are growing more comfortable with Kazakhstan following a $344m trade in Halyk Savings Bank last week, and sources are hopeful the momentum will carry on through to next year as the country’s privatisation wave continues.