Best Sovereign DMO, Central and Eastern Europe 2016
First and foremost
Bulgaria’s decision to print a chunky sovereign bond in March without recourse to a pre-deal roadshow pointed to the country’s increasing financial sophistication and all-round sense of national confidence.
The big sovereign sale of the year was the first intraday euro-denominated trade ever completed by the country. Bulgaria priced the dual tranche sale in March, shrewdly timing it to settle into place in the wake of the European Central Bank’s decision to increase the scope and scale of its stimulus package.