CEE Bonds
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Secondary prices for Turkey euro bonds are stale, given illiquidity and a three year gap since its last issue -
Infrequent issuer's less liquid curve makes judging fair value tricky
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Slovenia was also in the euro market, tapping 10-year bonds
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Demand was 'incredible' for Poland's $8bn record trade
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Poland tightens guidance on $8bn triple trancher
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Investor confidence in the country has wobbled slightly in the past few weeks
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Demand good, deal tightens beyond expectations in 'big moment' for Turkey
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The sovereign tightened 50bp from IPTs to land closer to Serbia than bankers had expected
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Scarcity value helps CEE sovereign garner large demand for a 10 year deal
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Bankers expect big demand after stellar performances by Turkish tier two bonds
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At initial pricing MVM offered about 130bp over the sovereign curve
