Latvia
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The Single Resolution Board has decided that Latvia’s ABLV Bank should be wound up under national insolvency proceedings, suggesting that small and medium sized banks remain outside the scope of resolution action. -
Emerging market issuers recorded their busiest June on record with $44bn printed across all regions, a feat made more eye popping because issuance in June between 2011 and 2016 averaged less than half of that amount, according to analysts.
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Latvia launched a €350m dual tranche tap of its 2026 and 2036 bonds on Thursday morning, its second visit to the international markets this year.
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Latvia became the first Baltic state to issue a 30 year bond as part of a €650m dual tranche transaction this week.
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Latvia is on course to become the first Baltic state to tap the 30 year maturity after emerging with pricing on a dual tranche euro deal.
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Baltic consumer loan provider 4Finance on Wednesday printed an add-on of its old 2021 bonds in a high yield market that is coming to a halt four weeks ahead of the Christmas break.
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Online consumer lender 4Finance on Monday released initial price talk for an add-on to its €100m 2021 bond, as the market searches for short maturities before Christmas.
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Online consumer loan provider 4Finance plans to increase its euro denominated bonds as it closes its acquisition of unsecured loan specialist TBI Bank from TBIF, the Dutch financial services group.
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Latvia saw strong demand for a new 10 year euro deal against a choppy market backdrop on Friday.
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Romania achieved a wafer-thin new issue premium for a €1bn reopening of its May 2028s on Wednesday, setting a good precedent in euros for Latvia which mandated for a 10 year deal on Thursday.
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Central and eastern European sovereign bond issuers can more and more rely on rates investors to come into their bond deals. But many of these borrowers are still handled by investment banks’ emerging market teams. So when is an issuer SSA rather than EM?
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