Bulgaria

CEE sovereigns rallied on Thursday in response to Mario Draghi’s plans to extend quantitative easing. But while some emerging markets bankers were hitting the phones to line up trades next week, others were less convinced that the news would have any impact on issuance.

Bulgarian Energy Holding has picked lead banks for its €650m loan, after taking six months and being downgraded during the arranging process.

Bulgarian Energy Holding, the state electricity and gas group, is looking for €650m of loans as part of a renegotiation with two US power generators.