Ukraine
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Ukrainian loan deals are due to hit the market at lower margins than last year as miniscule interest rates and squeezed bond yields provide a more favourable market for borrowers. -
Grain and sunflower oil producer Kernel is in talks with international banks about coming to the market this year with a new syndicated loan.
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Investors responded to the news that the International Monetary Fund will likely delay a $1.9bn tranche of its bailout for Ukraine by saying the country has no chance of issuing a bond until the payment clears.
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Ukrainian poultry producer MHP this week reaped the rewards of an unsullied history of debt servicing in the form of tight pricing on its first dollar bond for more than four years.
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Ukrainian poultry producer MHP emerged with pricing for only the second corporate Eurobond from the country on over three years on Thursday morning.
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Ukrainian poultry producer MHP is lining up the second corporate bond of the year from the country, following a deal from Kernel in January.
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Ukrainian steel and mining company Metinvest’s struggle to restructure its $2.3bn debt dating back to 2012 finally came to an end on Thursday.
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Shares in Tullow Oil, the UK oil and gas drilling company, fell 16% on Friday morning after it announced plans for a £607m rights issue to strengthen its balance sheet after oil prices have rallied from their slump in 2015.
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Agribusiness Kernel proved the right credit to bring Ukrainian corporates in from the bond market on Tuesday. After a rough ride of corporate restructurings, the inaugural issuer was able to garner the confidence and trust of investors to raise $500m.
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After a raft of highly rated sovereigns, two single-B rated borrowers appeared this week to offer the first opportunity to buy true emerging market credit from the CEEMEA region this year. One deal was a record for its type while the other reopened a market dormant for years. Virginia Furness reports.
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Agribusiness Kernel proved the right credit to bring Ukrainian corporates in from the cold on Tuesday. After a rough ride of corporate restructurings, the inaugural issuer was able to garner the confidence and trust of investors to print $500m.
