While the government’s rhetoric implies commitment to dumping the greenback, latest figures released by the CBR tell a slightly different story.
14 Jan 2020
Known locally as Uzpromstroybank, the state-owned lender priced a record-low FI debut issue out of the CIS, offering investors c. 200bp premium on the sovereign notes.
9 Jan 2020
The state-controlled lender tapped the international markets for EUR150mn, upsizing from the initially planned EUR100mn issuance.
7 Jan 2020
A preliminary agreement with the IMF on a vital USD5.5bn loan is an auspicious signal that a long-awaited economic recovery in Ukraine may be in the offing. But with the PrivatBank case and a number of other international litigation battles still simmering, bad headlines streaming from the US impeachment proceedings and little progress in establishing peace on the Eastern border, Ukraine still…
6 Jan 2020
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
SOCAR, Azerbaijan’s state oil and gas company, currently bears the mantle of the largest foreign direct investor in Turkey. The opening of SOCAR’s USD6.3bn STAR Refinery in October 2018 marked one of many major projects in the country. Bonds & Loans spoke with Elchin Ibadov, Finance and IT Deputy General Manager, about SOCAR’s bid to create a centralised treasury function, fostering operational…
24 Oct 2019
The ESG industry has all too often gotten the cold shoulder from Russia – a country that, seemingly, should be one of the least concerned about average temperatures rising. Will Vladimir Putin’s warming to the idea lead to a slew of green bond transactions?
17 Oct 2019
While the recent advancement of PPP and project finance legislation and frameworks appears to be bearing some fruit – a few projects have been launched under the National Projects programme this year – attracting private capital remains a challenge, according to a number of local and international bankers, rating agencies’ representatives and corporate chiefs who spoke with Bonds & Loans on the…
2 Oct 2019
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