Poland and Slovakia printed euro-denominated notes this week to re-open the CEE new issue market even though deals in EM’s usual funding currency, dollars, were absent from the region.
The Eurobonds, both of which were regarded a success in terms of size and pricing, underlined the attractiveness of using the euro as a funding currency after Petrobras printed the largest ever non-dollar deal from the emerging markets on Tuesday — a four tranche euro and sterling issue
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