Deals of the year: Emerging Europe

Best corporate bond deal

Asia Latin America Emerging Europe Western Europe North America

Best corporate bond deal

Tengizchevroil
Deal type:10-year Eurobond

Deal size: $1.1 billion

Date: November 2004

Lead managers: ABN Amro, Lehman Brothers

CEE corporate issues performed well again in 2004, despite uncertainty in the middle of the year sparked by fears of US rate rises. Issuance from Russian corporates was particularly strong, with several issues including Norilsk Nickel, Russian Standard Bank and Bank of Moscow all getting coupons near or below the 8% mark.

However, the award goes to Tengizchevroil, the Kazakh onshore oil joint venture between KazMunaiGaz, the state oil company, and Chevron Texaco.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access