Hungary, Romania to follow Croat CEE success

18 Mar 2011

The positive momentum from Croatia’s $1.5bn 10 year blowout deal on Wednesday — the book was some four times oversubscribed — is likely to be followed by transactions for Hungary and Romania as they each take advantage of the positive sentiment surrounding CEE sovereigns.

Hungary should be the next issuer from the region to tap the debt markets. It started a non-deal roadshow on Thursday that finishes next Wednesday. It is likely to print a dollar deal after that, say bankers, although it has not decided on a size or tenor.

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