Serbia

Two central and eastern European corporates announced euro trades on Friday, adding to a busy pipeline of emerging markets deals.

Development finance institutions the European Bank for Reconstruction and Development (EBRD) and International Finance Corp have lent €215m to Vetroelektrane Balkana (WEBG) to develop Čibuk 1, the largest wind farm in Serbia and the western Balkans.

The Croatian financial services supervisory agency, Hanfa, has suspended trading in the shares of eight of Agrokor’s subsidiaries until it appoints a new auditor to look over its 2016 accounts.

The Trump presidency begins without China being labelled a currency manipulator, RMB keeps strengthening against the dollar, and the State Administration of Foreign Exchange emphasizes stability over reform.

CEE borrowers were upbeat at Euromoney’s Central and Eastern European Forum 2017 in Vienna this week, with several sovereigns revealing funding plans for the year.

DCM bankers will be hoping that central and eastern European issuers gathered in Vienna this week will have taken Slovenia’s Eurobond success as a sign that for CEE borrowers, the funding market is well and truly open once more.

Central and eastern European borrowers gathered in Vienna this week for Euromoney’s Central & Eastern Europe Conference and are not short of plans for the capital markets this year.

Serbia is planning to fund the bulk of its funding needs through the domestic market, a funding official from the country’s finance ministry has said.