Ukraine
-
Ukrainian poultry producer MHP emerged with pricing for only the second corporate Eurobond from the country on over three years on Thursday morning. -
Ukrainian poultry producer MHP is lining up the second corporate bond of the year from the country, following a deal from Kernel in January.
-
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.
-
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.
-
-
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.
-
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.
-
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.
-
Holders of newly nationalised PrivatBank’s Eurobonds are pushing back on the National Bank of Ukraine’s plans to bail-in the debt, but the government should not have to take on the liabilities of sophisticated lenders in event of a default. But it does need to be much clearer about its plans.
-
Emerging markets investors had piled $1bn of orders into Kernel’s five year dollar bond by lunchtime on Tuesday. The deal is their first opportunity since 2013 to buy fresh debt from Ukraine.
-
Kernel Holding has hired two international banks to work on a bond offering, the first corporate new issue from Ukraine since 2013.
-
After spending 2016 away from the high yield market, UK premium car maker Jaguar Land Rover returned on Tuesday to add euros to its all sterling and dollar debt.
