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 vision of where the investment bank sees the biggest growth opportunities in the coming months.
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.
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.
Bonds & Loans speaks with Aquiles Mercado González, Chief Financial Officer at Promigas, on its distribution subsidiary’s hugely successful local market bond transaction, new opportunities for growth, and the company’s innovative non-bank financing programme.
Senegal shook up the Sub Saharan African issuance pipeline with its largest ever international bond at its longest tenor to date, setting a new benchmark for Sub Saharan Africa sovereign borrowers with its widely welcomed 30-year addition to the curve.
The first securitization sponsored by Mexico Tower Partners included a much-anticipated 5-year bullet repayment date (ARD) and marked the first wireless tower-backed securitization in Mexico. The structure allowed MTP to waive CNBV’s partial dependence requirement, repay the existing credit facility and keep the remaining proceeds from the issuance.
In advance of our Project, ECA and Structured Finance Middle East & Africa 2018 conference and forthcoming special report on the subject, Bonds & Loans visited the region to meet with a broad range of finance leaders in order to gain a sense of the risks and opportunities on the horizon.
Albaraka Turk extended its reputation as a pioneer in the sukuk market last month, issuing the country’s first Basel III-compliant Additional Tier 1 capital notes – in a Sharia-compliant privately placed, publicly listed format, no less.
Notwithstanding the impending FOMC meeting and other headwinds, India’s YES Bank powered ahead with the largest debut issuance by an Indian FI that also became first to be listed on the recently established INX.
- CASE STUDY: Credit Bank of Moscow Achieves Tightest Coupon for Russian Private Financial Institution
- MTP CFO Gonzalo Cornejo on Setting the Pace for Securitisations in Mexico’s Local Market
- Latin America Deals of the Year Awards 2018: The Winners
- Mixta Africa CFO Talks Long-Term Liquidity for Nigerian Corporates
- CASE STUDY: ADNOC Makes Record-Setting Debut with USD3bn Bond
11 Apr 2018