Deals
Interview: MTS Blockchain Bond Could Lead to “Faster, Transparent and More Secure Transactions”
The Russian telecoms giant became a trailblazer in issuing distributed ledger fixed-income instruments this spring with the private placement of a RUB750mn commercial bond using blockchain-embedded smart contracts. Alexander Smirnov, Head of Corporate Finance and Treasury, Mobile TeleSystems PJSC, explains how the company worked with Russia’s National Settlement Depositary and Sberbank to achieve…
27 Jun 2018
CASE STUDY: AfDB Extends Euro Curve with EUR1.25bn 10-year Social Bond
On 16 May 2018, the African Development Bank (AfDB) successfully priced a EUR1.25bn 10-year Social Bond transaction. The issue follows the inaugural EUR500mn 7-year Social Bond issued in November 2017.
7 Jun 2018
CASE STUDY: Belarus Eurobond Prices Inside Better Credits, Opens CIS to Global Markets
Following up on its recent “double bill” international bond, the former Soviet republic hit the market again at a tough time, but the notes proved popular with international investors and saw some of the highest oversubscription levels in the sovereign space over the past year.
29 May 2018
Neeraj Agrawal, CFO, Crescent Petroleum on Raising New Capital in Rising Rate Environment
Neeraj Agrawal, Chief Financial Officer of Crescent Petroleum sat down with Bonds & Loans at the Bonds, Loans & Sukuk 2018 conference in Dubai to talk about the funding team's key priorities this year, and dislocations between risk and the perception of risk in the GCC.
22 May 2018
CASE STUDY: Albanesi Attracts Traditional Credit PMs to Rare Dual-Tranche Syndication
A testament to solid investor relations, good governance and transparency, Albanesi was able to attract traditional portfolio managers to its latest dual-tranche A/B loan syndication, a rare project finance deal in the country’s power sector.
18 May 2018
CASE STUDY: Stanbic Kenya Sees Tremendous Demand on Fourth International Syndication
The Kenya-based subsidiary of one of Africa’s leading financial institutions managed to secure strong demand from a broad group of lenders as it sought to diversify its sources of funding.
17 May 2018
Case Study: Indonesia Serves Up Benchmark-Setting Green Sukuk
Indonesia navigated a challenging and volatile market to place a USD3bn dual-tranche green sukuk, which will go towards supporting the country’s efforts to combat climate change.
26 Apr 2018
Top Dealmaker: RenCap’s Dmitry Gladkov on Russian Corporate Issues and Ratings Boost
Renaissance Capital has in the past two years overseen and participated in a significant volume of DCM deals out of Russia and the CIS, positioning itself as one of the top dealmakers for Russian corporates looking to tap the international markets. Dmitry Gladkov, the Global Head of Financing at Renaissance Capital, shares his assessment of the market and the bank’s role in it, as well as his…
20 Apr 2018
CASE STUDY: Tajikistan Opens Floodgates and Makes Strong Debut with USD500mn Eurobond
The Central Asian Republic saw 9x peak oversubscription and impressive yield tightening of nearly 900bp with its inaugural Eurobond transaction to source funds for the construction of the world’s tallest dam.
18 Apr 2018
CASE STUDY: Cote D’Ivoire Coasts to the Market with Largest African Euro Bond
The West African nation was able to extend its debt profile with the first ever EUR 30-year tranche from the continent’s sovereigns and the largest ever EUR-denominated issue by an African sovereign.
12 Apr 2018