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GC Asia
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Lira hits record lows as Turkey watchers beg for rate raise
The Turkish lira fell to record lows against the dollar this week, causing investors to adopt a risk off attitude. Market watchers believe now is the time for the Central Bank of Turkey to increase interest rates, which is seen as one of the only ways for the country to recover from its currency crisis.
27 Oct 2020 -
Aeroflot lands equity raise with strong government support
Russian airline Aeroflot completed its Rb80bn ($1.05bn) capital raise on Monday, aimed at repairing its balance sheet by repaying debt, with the Russian state increasing its stake in the carrier.
27 Oct 2020 -
Investors embrace Mail.Ru block despite red day for markets
Sands Capital Management, the US investment manager, sold a 1.6% stake in Russian internet services company Mail.Ru on a torrid evening for international stock markets.
27 Oct 2020 -
BCS hires former Sberbank tech officer to lead IB operations
BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired Vadim Kotov as the new chief operations officer for its investment banking business.
26 Oct 2020 -
Scepticism clouds Ukraine's hopes of securing IMF disbursement
Analysts believe optimism over the likelihood of the IMF's continued disbursement of funds to Ukraine is unfounded with the country struggling to fulfil the conditions the Fund has set.
26 Oct 2020 -
Two EM deals pulled in a week, but last chance market open, say investors
Two EM bond issuers beat hasty retreats from the primary market this week. But despite the challenges the pair faced, bankers and investors believe the market is open for borrowers looking to pick up a bit of funding ahead of what is expected to be a tortuous US election. Lewis McLellan reports.
22 Oct 2020 -
Ulker pulls off ‘cheeky’ five year benchmark
Ülker Bisküvi Sanayi scored an impressive $650m with a five year benchmark on Wednesday, surprising some investors with an unexpected increase to the size.
22 Oct 2020 -
Canal+ Polska launches Warsaw IPO
Emerging market IPOs have been one of the hottest themes in EMEA equity capital markets this year and issuance is set to continue as Canal+ Polska, the Polish television network owned by French TV service Canal+, launched its IPO on Thursday.
22 Oct 2020 -
Ukraine central bank strips reprimanded deputy of supervisory role
The National Bank of Ukraine has stripped deputy governor Kateryna Rozhkova of her responsibility for banking supervision. The move follows the NBU’s official reprimand of Rozhkova and a colleague over a media interview.
22 Oct 2020 -
Turkey: sovereign wealth fund pulls as biscuit maker presses on
Ülker Bisküvi Sanayi, a Turkish biscuit manufacturer, is set to come to market for a benchmark bond on Thursday, attempting to print a deal in a market that the country’s sovereign wealth fund deemed too hostile to make its debut in.
21 Oct 2020
