Poland

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.

Polish energy provider Energa SA is meeting investors this week for its first Polish non-financial corporate bond since June last year, which will also be the first corporate deal from anywhere in Central and Eastern Europe this year.

The thaw in Western equity investors' and banks' sentiment towards Russia continued this week as Detsky Mir, the toy retailer, announced plans for the first Russian IPO of 2017, to be led by an array of bulge bracket investment banks.

The Republic of Poland is looking to become the first repeat sovereign issuer of Panda bonds as it seeks to raise Rmb3bn ($435m) this year.

The Z5.14bn (€1.16bn) of loans for the leveraged buy-out of Allegro, the Polish online marketplace, have been allocated, with the leads choosing zloty rather than senior or junior euro bonds for the second lien piece.

Poland broke new ground this week, issuing the first ever sovereign green bond. The deal offers a template to future sovereign borrowers, even though some dedicated SRI accounts would like to see future issuers more clearly identifying projects to finance, writes Virginia Furness.