bne_newspaper_January_11_2019

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Content:
2 Top Stories
3 The Regions This Week 7 Chart
9 bne Invest
11 Central Europe 12 Southeast Europe 13 Eastern Europe 16 Eurasia
17 bne Tech
June 14, 2019 www.intellinews.com
Ukraine launches roadshow for euro- denominated Eurobond
bne IntelliNews
Ukraine’s finance ministry has mandated BNP Paribas and Goldman Sachs International as joint lead managers and joint bookrunners to arrange a series of roadshows for a euro-denominated Eurobond issue in London, Frankfurt, Munich and Milan, commencing on June 10.
In addition, a global investor call took place on June 11. A euro-denominated Reg S/144A senior unsecured benchmark seven-year offering will
Russia's TCS Group suspends 2019 dividends
bne IntelliNews
Leading Russian consumer lender TCS Group that operates Russia’s only pure online bank Tinkoff Bank will suspend 2019 dividend payments due to preparations for the upcoming SPO, the chairman of the bank's board Oliver Hughes announced. The pause in dividends payments was initiated by the investors themselves, Hughes argued.
TCS plans an SPO of up to $300mn on the
Ukraine is hoping to get a euro-demoninated Eurobond away that could price at 7% yield
follow, subject to market conditions, the ministry said in a statement on June 10.
Alexander Paraschiy at Kyiv-based brokerage Concorde Capital believes that the timing of the new Eurobond placement "looks good" for Ukraine, given that its seven-year, US dollar- denominated Eurobond is priced today at its
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London Stock Exchange, by issuing new shares, needing the capital to ensure growth with 2019 loan portfolio growth outlook improved from 40%+ to 60%+. The group's founder and main shareholder Oleg Tinkov (43.8% stake) recently made headlines by flirting with the idea of a
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