Deals
PhosAgro Picks Seven Bookrunners on Russia’s First Corporate Debt Deal of 2020
The fertilizer giant is roadshowing for a USD-denominated LPN that will go towards refinancing USD150mn Eurobond maturing next year.
14 Jan 2020
CASE STUDY: Angola Raises USD3bn Eurobond on Encouraging Reform Story
While concerns about sustainability of current debt levels remain, a positive story and juicy yields draw in over USD8bn worth of orders for the sovereign issuance.
8 Jan 2020
Russian Agricultural Bank Sets a New Milestone with First Euro Perp Issuance by Russian FI
The state-controlled lender tapped the international markets for EUR150mn, upsizing from the initially planned EUR100mn issuance.
7 Jan 2020
CASE STUDY: Panama Achieves Lowest Rates, Longest Tenor with USD2bn Sovereign Bond
The dual-tranche Eurobond, issued at a politically delicate moment that saw a new government take the reins in Panama, was the country’s largest single transaction and generated an impressive oversubscription rate of over 5x.
11 Dec 2019
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 Sept 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 Sept 2019