.png){kind=logo}
GC Asia
-
Turkish firms ride clashing waves of risk appetite and aversion
Turkish companies and banks are succeeding in raising funds in international debt markets, even as the country strays near the edge of an economic precipice and experienced investors view Turkish risk with disdain.
13 May 2021 -
BCS Global Markets hires head of treasury from Bloomberg
BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired a new treasurer.
12 May 2021 -
EM investors positive but not ‘gung-ho’ with valuations high
Emerging market portfolio managers say that their confidence in buying assets has been restored now that US Treasury yields have stopped racing upwards. But although they say they have cash to splash, some still believe valuations are toppy.
12 May 2021 -
Turkish borrowers plough on in debt markets against persistent instability
LimakPort, the Turkish international port, entered the debt market on Tuesday, while Turk Eximbank has successfully secured a dollar syndicated loan facility. Turkish issuers are demonstrating resilience, market participants say, amid the heightened levels of domestic and political volatility in the last three months.
11 May 2021 -
Canal+ Polska abandons second IPO attempt
The Warsaw IPO of Canal+ Polska, the Polish satellite TV network, has been postponed. The deal is the latest victim of Europe's binary IPO market.
07 May 2021 -
LimakPort lining up dollar bond as Turkey holds rates steady
The new governor of Turkey’s central bank, Şahap Kavcıoğlu, kept rates unchanged at his second monetary policy meeting since taking office. Although a rate cut was unlikely, the decision bodes well for next week’s planned dollar bond issue by LimakPort.
06 May 2021 -
Turkey holds fire on rates as LimakPort lines up to print
The new Turkish central bank governor Sahap Kavcioglu kept rates unchanged at his second monetary policy meeting since taking office. Although a rate cut was unlikely, the decision bodes well for Turkish port operator LimakPort's planned dollar bond next week.
06 May 2021 -
Pepco adopts cautious valuation in tricky European IPO market
Pepco, the retail holding company that owns Poundland, has fixed the price range for its IPO on the Warsaw Stock Exchange, valuing the company at Z21.85bn-Z26.45bn (€4.8bn-€5.8bn).
05 May 2021 -
Investors ‘disappointed’ by Naftogaz CEO dismissal
Market participants on Wednesday called the removal of Andriy Kobolyev as CEO of Naftogaz last week “disheartening”. The Ukrainian government’s meddling in the state-run energy company casts doubt on its commitment to IMF-mandated reform of corporate governance and will weaken Naftogaz’s ability to return to the bond market.
05 May 2021 -
Turkey’s LimakPort eyeing dollar bond with ESG step-up
LimakPort, a Turkish port operator, said on Tuesday it will look to come to the dollar market for a 15 year amortising bond with a coupon that steps up if the issuer fails to meet sustainability targets.
04 May 2021
