CEE bonanza as Poland and Ukraine swoop for bonds
The Republic of Poland on Tuesday launched a three year euro bond, while Ukraine mandated banks for a 12 year dollar benchmark. Though bankers say the window is finally open for emerging market corporate issuance, there remains robust appetite for govvie debt.
Poland, rated A2/A-/A-, entered the market on Tuesday morning to raise a benchmark bond, which by the early afternoon had been set at €2bn.
The spread for the Eurobond was set at 29bp over mid-swaps. Allocations and pricing were expected later on Tuesday afternoon.Initial price thoughts on Tuesday morning ...