CEE bonanza as Poland and Ukraine swoop for bonds

AdobeStock_CEE_575x375_30June2020
By Mariam Meskin
30 Jun 2020

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 ...

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