Poland and Hungary wave farewell to emerging tags
Poland and Hungary put their emerging market status behind them this week, pricing blowout euro benchmarks that were the first sovereign convergence deals since the historic EU enlargement summit at Copenhagen last December.
Poland smashed central European transaction size records with a Eu1.25bn 10 year deal on Monday that it swiftly increased to Eu1.5bn on Wednesday.
And yesterday (Thursday) Hungary achieved the tightest ever pricing for a central European convergence sovereign on its Eu1bn 10 year bond that was
priced at 27bp over