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CASE STUDY: DTEK Renewables Prints Ukraine’s First Green Bond

The renewable energy firm blazes a trail in its home market with a EUR325mn transaction that draws in strong participation from ESG-focused investors across Europe and the UK.

27 Nov 2019

CASE STUDY: Fibra Uno Secures Latin America’s First Sustainability-Linked RCF

The Mexican REIT followed up its June USD1bn issuance with an impressive USD1.1bn dual-tranche revolving committed credit facility, with the spread linked to pre-agreed sustainability KPIs, an instrument that was the first of its kind in the region.

15 Nov 2019

CASE STUDY: Key Autopista Al Mar 2 Project Financing Closed Despite Trade Tensions

One of the most recent infrastructure development projects to be closed in Colombia encountered some last-minute hurdles due to the escalation in tensions between the US and China, making it among the most complex financings out of this country in recent years.

23 Oct 2019

CASE STUDY: Russia’s Severstal Hits Record Lows with 3.15% Coupon on New Eurobond

The latest Russian steelmaker to hit the Eurobond markets this year secured the best pricing of the lot with a 3.15% coupon for its 5-year notes – the lowest for any Russian private sector corporate ever.

20 Sep 2019

CASE STUDY: Terrafina Prices Benchmark Bond Below 5% as Mexican Real Estate Charms Markets

Terrafina, one of Mexico’s top real estate investment trusts, issued a USD500mn 10-year senior unsecured international bond that saw 5x oversubscription at peak and priced at an impressive 4.962%, joining a spate of issuances from the real estate sector – one of the busiest in terms of volumes in Mexican fixed-income.

19 Sep 2019

CASE STUDY: MMK Makes Eurobond Return with Lowest CIS Corporate Coupon in 18 Months

Returning to the international market after a 16-year hiatus, the Russian steelmaker issued a USD500mn benchmark dollar Eurobond at just 4.375% coupon – the lowest for any of the region’s corporates in 1.5 years.

13 Sep 2019

CASE STUDY: Omega Geração Assurua Wind Purchase Financed with Innovative Four-Part Debenture Scheme

Omega Geração S.A., one of Brazil’s top renewables players, debuted in the local debenture markets earlier this year with a carefully tailored four-part transaction that could serve as a template for corporates looking to finance infrastructure by tapping the country’s diverse liquidity pools.

5 Sep 2019

CASE STUDY: UK and US Investors Snap Up Russia’s USD2.5bn Eurobond Ahead of Sanctions

Russia raised USD2.5bn in a dollar-denominated Eurobond sale in June, with USD1.5bn notes maturing in 2029 at a yield of 3.95%, and another USD1bn in notes maturing in 2035 at a yield of 4.3% - despite the ever-impending threat of sanctions.

14 Aug 2019

CASE STUDY: Eurotorg Issues Enters Russian Market with Belarus’ First RUB Bond

After becoming the first Belarusian corporate to enter the Eurobond market two years ago, Eurotorg is now breaking new ground with its RUB5bn Russian issuance. Receiving healthy demand from investors – both domestically and internationally – the issuance is indicative of a flexible and increasingly diverse financing strategy.

8 Aug 2019

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