CEE Bonds
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Euros has overtaken dollars as the biggest share of the country's hard currency debt
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Scarcity is making Balkan sovereign bonds popular with investors
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CEEMEA market enjoyed a monster week of issuance in January's first four trading days
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Ardshinbank will likely offer a similar premium to its sovereign as Uzbek banks
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Eurobond will be the issuer's first for three years
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Demand was near three times the size of the state-owned bank's deal
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Hungary took euros on Wednesday and showed investors have a taste for shorter paper
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Potential for record breaking January
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The country plans to raise a little more than €5bn on a gross basis this year
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Record issuance volumes met insatiable investor appetite to lock in yields before rate cuts bite, resulting in tight pricing across bonds and sukuk, writes George Collard. An already healthy market shifted up a gear from September as order books swelled and issuance accelerated, especially of sukuk
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The Polish bank secured the most orders for a CEE bank bond this year so far
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The new issue premium was around 5bp area