Morning Commentary: CEE/MEA region starts off week on a quiet note; Polyus, Rusal market deals

By Rebecca Melvin

New York, Jan. 22 – Central & Eastern Europe, Middle East and Africa region market players on Monday were eyeing two deals on the calendar, including United Co. Rusal plc’s dollar-denominated benchmark offering of notes and PJSC Polyus’ proposed senior unsecured eurobond, but otherwise the new issue calendar was quiet, market sources said.

Both deals were expected to price toward the later part of the week.

London-based Polyus is a gold producer with mines in Russia and Kazakhstan, and Rusal is a Moscow-based aluminum company.

Elsewhere in the region, new issuance is being rumored, but there has been nothing announced, a London-based trader said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.