Ukraine
-
Ukraine’s government on Monday nationalised troubled lender Privatbank, but questions are as yet unanswered for holders of outstanding Eurobonds which are expected to be bailed-in, according to frontier markets investment firm Exotix. -
After almost two years away from the market, Thomas Cook opened a three day roadshow on Tuesday for a new euro deal, which will redeem its only sterling bond and portions of its 2020 euro notes.
-
Amid rough going for new IPOs this week, one of this year’s star IPO performers, Maisons du Monde, was back in the market on Wednesday night as the global coordinators waived the lock-up to let the leading shareholders make their first block trade in the stock. Thursday brought a substantial trade in Ferrexpo, which owns iron mines in Ukraine, which got done, though at a slightly reduced size.
-
Shares in ConvaTec, the UK medical supplies manufacturer, traded below issue price throughout Wednesday and closed flat, a day after the firm completed the largest IPO on the London Stock Exchange since Worldpay floated for £2.4bn in October 2015.
-
The IMF’s approval of a long-awaited disbursement of funds to Ukraine could help set the stage for an unguaranteed sovereign bond issue, local bankers said on Thursday.
-
-
Ukrainian food oil producer Kernel received oversubscription of about 40% in its latest $300m pre-export finance facility but chose to keep the loan at the target size.
-
Ukrainian energy company DTEK secured the approval of its bondholders to dispose of some $400m of assets which will enable it to cut its debt burden by 17% on June 30.
-
Ukrainian food producer Kernel has refinanced a $215m pre-export credit facility, as agricultural firms in the region prepare to launch annual financings.
-
Ukrainian energy company DTEK is looking to dispose of several assets which will enable it to cut its debt burden by 17%. It has given investors until June 29 to agree to the sale.
-
Ukraine and the US have signed an agreement for a further $1bn of loan warranties to be used on a five year Eurobond issue.
-
Ukraine's Cabinet of Ministers has approved the issuance of new debt to complete the restructuring of its external sovereign debt. All that remains is for the country to reach an agreement on $3bn of debt owed to Russia.
