CEE Bonds

The Turkey sovereign trade was as well timed as ever, said observers

Another CEE trade from Hungary's development bank will also price on Wednesday

The bank left the book open longer than planned due to problems with Bloomberg

Fair value for a seven year has not changed much since February's trade, thought one banker

◆ BayernLB ends two year public sector Pfandbrief absence ◆ Tatra issues for the first time this year ◆ Little to no premium needed for either deal

Downgrades are looming if Romania cannot fix its sky high deficit

The bank may tap demand from investors facing falling sovereign issuance

A bond in the same format last year from another Czech bank was a hit with investors

Leads hope for print with only small premium to Cez

Country is trying to reduce its bloated deficit, but political instability is complicating efforts

The yield and coupon were among the highest ever offered by a Turkish corporate issuer

◆ Both banks issue their second ever euro deals in respective asset classes ◆ SBAB prints much tighter but also ends up with lower oversubscription ◆ Higher spread pick-up on the Croatian deal lures buyers as issuer's credit profile improves