Poland

Three more IPOs reached successful conclusions on Tuesday and Wednesday, including the largest in Poland for over two years.

Spearhead International, a central and eastern Europe based agriculture company, has signed its first syndicated loan for €167m.

Poland played a smart hand on Thursday to lock in €1.5bn of funding in the midst of a healthy risk-on market, but with risk events on the horizon, Poland’s deputy finance minister told GlobalCapital he was happy to be on the “safe side”.

CVC this week set pricing on a Z2.7bn ($661m) loan that finances its acquisition of Polish supermarket Żabka Polska. The banks will have their first syndication call on Friday.

Poland was quick to grab on to the relief rally that followed Wednesday's US Federal Reserve meeting, jumping into the market with a long 10 year and a tap of its existing €1.5bn 2036s on Thursday morning.

Austria’s Hypo Noe and Poland’s PKO Hipoteczny have mandated leads for roadshows that begin in mid-March and which are likely to be followed by deals.

Five new IPOs were announced in EMEA this week as the market enters a crucial window in the run-up to Easter.

Three banks have joined the syndication for the Z2.7bn ($661m) loan CVC is using to fund its takeover of Polish supermarket Żabka Polska.

Energa priced its first eurobond for four years at the tight end of guidance on Tuesday after attracting more than €1.25bn of orders.

The first corporate bond of the year from central Europe received a warm welcome from investors on Tuesday, allowing the issuer — Poland’s Energa — to tighten pricing twice.

Three Central and Eastern European (CEE) issuers are lining up trades, as supply from the region begins to ramp up. Slovenia, the Slovak Republic and Polish corporate Energa SA all plan to bring euros in the near future.

Details have emerged of the financing CVC will use to buy Polish retail chain Żabka Polska, its second takeover in the region.