HALISTER1: VTB Capital Advises Issuers to Sell Eurobonds Before Fed Liftoff

VTB Capital Advises Issuers to Sell Eurobonds Before Fed Liftoff

(Bloomberg) -- While EM assets may bounce back, “it’s more and more likely that the Fed will start to act and we recommend all companies to sell bonds as soon as possible,” Andrey Solovyev, global head of debt capital markets at VTB Capital in London, says by phone.
  • 01 Properties, Otkritie are monitoring Eurobond market; needs to talk to investors before announcing price guidance on 01
  • NOTE: Russian Companies Line Up Eurobonds as UBS Sees Dozen New Sales
  • On Global Ports sale this week: yields were better at end of August, but after Friday’s selloff in EM, weren’t sure yields would return to lower levels
  • NOTE: Global Ports Eurobond Almost Three Times Oversubscribed: Lead
  • NOTE: PRICED: Global Ports $350m 7Y Priced at Par to Yield 6.5%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
VTBR RM (VTB Bank PJSC)
GLPR LI (Global Ports Investments PLC)
OFCB RM (Bank Otkritie Financial Corp PJSC)
0388954D RU (O1 Properties Ltd)

People
Andrey Solovyev (VTB Capital PLC)

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