CEEMEA bond spree as BSTDB, Serbia, Croatia and Lithuania mandate
The CEEMEA region is lining up one of its busiest fortnights of the year for bond issuance as Black Sea Trade and Development Bank and the Republics of Serbia, Croatia and Lithuania join a swathe of EM issuers already on the road. JP Morgan looks to be solidifying its position at the top of the CEEMEA league tables — it has been picked for every one of the deals mandated on Tuesday.
Slovakia’s Tatra Banka has also picked banks for a covered bond and elsewhere even more sukuk and conventional deals are rumoured.
“It’s going to be crazy,” said one EM syndicate banker in London.He attributed the sudden spike in primary activity to a combination of the effects of ...