New Sibur six-year notes trade around issue; market eyes more CEEMEA paper next week

By Rebecca Melvin

New York, Sept. 29 – Sibur Securities DAC’s newly priced 4 1/8% notes traded right around issue on Friday after the Russian petrochemical company priced $500 million of the six-year guaranteed notes at par, a market source said.

The new Sibur 2023 notes were seen at 99.85 bid, 100.15 offered.

Investors of the CEEMEA region, including Central & Eastern Europe, Middle East and Africa, should expect more deals for this region coming up next week, syndicate sources said. No details have been made public, one said, but there are deals on the way.

Among notable deals this past week, Turkiye Cumhuriyeti Ziraat Bankasi AS priced $500 million of 5 1/8% six-year notes at par, and Saudi Arabia brought $12.5 billion of sovereign debt including 2 7/8% notes due 2023, 3 5/8% notes due 2028 and 4 5/8% notes due 2047.

More than $15 billion of new hard-currency deals priced this past week, but on Friday multiple local currency deals priced.

PJSC RusHydro sold RUB 20 billion of 8 1/8% loan participation notes due 2022, according to a filing with the London Stock Exchange.

Malaysia-based real estate investment trust Sunway Bhd. announced that a subsidiary issued RM 300 million on Friday as part of an up to RM 999 million medium-term note program.

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