Russia & CIS
20 Jun 2017 Russia & CIS
Russia shelves panda bond plans, wants to tap Eurobond market – Norilsk Nickel issues US$500mn Eurobond – Polymetal extends US$400mn bond maturity with Sberbank for 7 years – Peresvet Bank prepares partial bail-in – Sberbank intends to develop Islamic finance instruments – 5x oversubscription seen on RusHydro’s 3-year RUB10bn bond – Mechel discloses list of Western creditors – Tinkoff launches US$300mn perpetual Eurobond – Kazakhstan prepares for Kazkommertsbank takeover by Halyk Bank – Poland’s Echo Investment raises PLN100mn on bond markets
Tinkoff Bank, one of Russia’s most progressive and innovative FIs, made its way back to the international capital markets after a five-year absence with an impressive US$300mn 9.25% issuance, marking the third perpetual Eurobond in the Russian banking sector to date.
As the two biggest lenders in Kazakhstan prepare to merge, creating the largest bank in Central Asia, analysts question whether it will be enough to stabilize the country’s troubled financial system.
While the move could raise some suspicions about the real health of Russia’s banking sector, the relative stability of Russia’s top tier lenders keeps investors at ease – for now.
Leading miner Norilsk Nickel spotted a window of relative calm in global markets to sell US$1bn in 6-year senior loan participation notes, enabling the company to extend its maturity profile and capture strong investment appetite from eastern lenders.
Bonds & Loans interviewed Jean-Marc Mercier, Global Head of Debt Capital Markets at HSBC to discuss how effective Russia's banking sector consolidation has been and how well the international banks have adapted to the new conditions?
Bonds & Loans interviewed Konstantin Vyshkovsky, Director of the Public Debt and State Financial Assets Department, Finance Ministry, Russia, to discuss the more prominent developments in the country’s debt markets
Bonds & Loans interviewed Oleg Dzhus, Member of the Board and Head of Treasury at Banca Intesa, Russia, to discuss the current outlook for Central Bank rates and what the expectations on the Central Bank’s monetary policy are for the coming year.
Bonds & Loans spoke with Michael Dunning, Regional Head of Analytics Group in EMEA Region for Fitch, about the success of Russia's macro outlook for 2017, the success of the banking sector clean-up and the prospects of the rouble.
Bonds & Loans spoke with Richard Segal, Senior Emerging Markets Credit Analyst at Manulife Asset Management to get his take on what's driving the Russian credit market, and which sectors he thinks look most likely to generate deals.
- Interview with Andrey Bush: “Strong Liquidity Will Drive Growth in Russian Corporate Debt”
- Belarus Stuck Between Russia and a Hard Place as Recession Escalates
- Mixed Signals from the US and Europe Keep Russia in Sanctions Limbo
- Doubts Cast Over Rosneft Deal as Banco Intesa Denies Funding Role
- Volatility Subsides but Hedging Products Still on the Menu in Russia
28 Jun 2017
26 Jun 2017