Raiffeisen Bank International AG

Digi Communications, the fast-growing Romanian telecoms and media group, has successfully completed a €190m IPO, the first from the country this year, despite being hit during the bookbuild by news that some of its senior executives were being investigated for bribery and money laundering, and the fact that voting rights remain controlled by the founder.

A fresh IPO launch broke the quiet in the pre-Easter European equity capital market this week: and a very unusual one — the first Romanian flotation of the year. Digi Communications, a leading telecoms and media group, wants to float 25% of its equity in Bucharest.

With just over three weeks to go until Easter, the latest wave of IPOs in EMEA is progressing well. One deal was priced on Tuesday and bookbuilds have begun for two more.

There were four equity block trades in EMEA on Tuesday evening, the largest of which was a capital increase by Carl Zeiss Meditec, the German medical technology company.

Mid Europa Partners’ Lei1.4bn (€305m) loan for the buyout of Romanian supermarket chain Profi Rom Food has been oversubscribed, allowing the pricing on each tranche to be cut by 30bp.

Mid Europa Partner’s syndicated loan, which will finance its purchase of Romanian supermarket chain Profi Rom Food, is set to be finalised by the end of the week according to a banker on the deal.

MET Group, the Swiss headquartered multinational energy firm, closed a €560m dual-tranche revolver on Wednesday evening that bankers said will be used to shore up its enterprises in eastern Europe.

Polytec Holding, the Austrian plastics firm, is targeting improved terms for a €100m Schuldschein as the market shows no signs of slowing down.

General syndication has begun on loan facilities backing Mid Europa Partners’ acquisition of Romanian retail chain Profi Rom Food.

Holding Slovenske Elektrarne (HSE), the Slovenian state-owned power generation company, has agreed a €220m loan to refinance debt and extend its maturity profile.

Syndication of Elysium Healthcare’s reduced £133m loan has run over into 2017 at investors’ requests, according to a banker on the deal, as the European leveraged loan market returns with expectations of a healthy New Year pipeline.

Shares in MedLife, Romania’s largest private healthcare provider, gained 3% on Wednesday after it completed the first Romanian IPO since June 2014.