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Republic of Poland laid its euro ghosts to rest on Wednesday with a $750m tap of its January 2036 bonds on what bankers called the best day for emerging market bonds so far this year.
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BPCE made its first visit to the euro bank capital market this year on Wednesday, launching a 10 year bullet tier two trade just two weeks after a virtually identical trade in dollars.
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Emerging markets investors are soon to be treated to the second Russian corporate of the year in dollars with Vimpelcom mandating banks this week.
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Poland this week tackled head on the ghosts of bonds past and has reopened the ill-fated 2036 euro note it printed in January.
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FIG bond investors had a little more to go at on Wednesday after a slow start to the week, while the market is finding it hard to decide whether a new recapitalisation fund for Italy’s banks is a good thing or not.
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Russian container terminal operator Global Ports Investments printed the first Russian debut bond since the Crimea crisis on Monday in a deal that was 3.5 times subscribed.
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Alternatifbank revised pricing by a whopping 100bp to print its "debut" note on Tuesday, drawing plenty of criticism from rival bankers for starting pricing too wide. But the leads defended their ‘inclusive’ pricing strategy.
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Renaissance Capital proved Russian debt is still in demand on Monday when it switched holders of its 2016 bond into a new 2021 bond, which also attracted new investors.
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The recent reforms to liberalise China inbound investments have reignited discussions about a merger of the qualified foreign institutional investor (QFII) scheme with the RMB QFII (RQFII) initiative. News emerging today suggests regulators are keen to move forward with the harmonisation of existing rules.
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An assortment of borrowers, debt capital market bankers and rating agency officials gathered in Nassau on Friday to discuss the state of play for Latin American bond issuers.
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Renaissance Financial Holdings (RenCap) is circulating guidance for a new five year note which is part of the borrower’s ongoing exchange offer.