CEE Bonds
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There is still a pipeline of issuance from the country -
New issue premium was zero, agreed those on and off the deal
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Investors are getting plenty of state owned issuance from Kazakhstan this month
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More deals are expected later in the week
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The new issue premium was, at most, 10bp
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Issuers are coming at different tenors in dollars, and one with a rare global bond
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Underwater trading was due to softer market conditions on Thursday, said a syndicate banker
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In 2022, the Kazakh railway company aborted plans to issue in dollars
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The bank is offering over 100bp of premium to the Kazakh sovereign
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The bank is the largest in the country and a close proxy for investors to the government
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Sovereign praised for move to secure funding after volatility
