Call us on
Submit your deal

Russia & CIS

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.

Eurotorg’s Strategy, Investment Chief on Funding Diversification

After issuing Belarus’ debut corporate Eurobond in 2017, Eurotorg tapped the Russian market for the first time in July with its RUB5n issuance. Bonds & Loans speaks with Andrei Matsiavin, the company’s Chief Strategy and Investment Officer about Eurotorg’s strategic focus areas, issuing in the Russian market, and its future funding plans.

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.

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.

Ukraine’s PrivatBank: Bailin’ on the Bail-In?

A recent court ruling to reverse the National Bank of Ukraine’s decision to nationalise ailing lender PrivatBank sent the country’s banking system into disarray and even raised doubts over the country’s EU ascension prospects. The case, which some see as one of the first test-drives for the post-crisis era EU Bank Recovery and Resolution Directives, is significant not just for the country’s economy and its new president, Volodymyr Zelensky, but also for the European banking industry more broadly.

Belarus Looks East for Financing Over the Coming Year

Belarus has come a long way since its debut Eurobond issuance in 2010. As the government seeks to stabilise the economy and spur on foreign investment, there are many avenues through which Belarus can access financing. Speaking at a press briefing in London, Minister of Finance Maxim Yermalovich shares important insights into the country’s ongoing diversification efforts, capital raising strategy, and privatisation plans.

CASE STUDY: Russian Railways’ EUR500mn Issue is Russia’s First Green Eurobond

In May, Russian Railway’s issued the country’s first benchmark size Green Bond raising EUR500mn in 8-year notes. Capitalising on a warmer funding environment, as well as the company’s strong capital markets track-record, the transaction also marked the lowest-ever yield on a Russian issuance - generating an order book that was over 3.5x oversubscribed.

CASE STUDY: Uzbekistan’s Dual-Tranche Debut Eurobond Marks Milestone in Global Integration

Under the leadership of its new Prime Minister, Shavkat Mirziyoyev, Uzbekistan has moved further down the long path towards global integration. With its debut USD1bn Eurobond issuance in February this year, Uzbekistan is seeking to establish itself as a regular participant in global financial markets in the years to come.

Ukraine Elections: Can Zelensky Lead a Transformation?

It seems that, on March 31, Ukraine once again received a chance to accelerate its transformation, argues Sergey Aleksashenko, a nonresident senior fellow at Brookings Institute and Russia's ex-deputy finance minister.

Russia Gears Up for Huge Infrastructure Development Push Under Putin’s “May Decrees”

The Russian government is developing a USD400bn roadmap for a massive economic overhaul in a bid to boost living standards and spur activity in key segments of the economy. Attracting that kind of investment is already looking like a mammoth task, particularly given some of the recent political moves clouding the country’s business climate.

 

More Articles

 

Subscribe