CEE Bonds
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The country aims to raise €1.5bn in funding on international debt markets this year -
Fair value for the debut currency is in the mid-7% yield area
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Books had grown since a ‘little underwhelming’ figure released at revised guidance
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The sovereign has €10bn of gross borrowing requirements this year
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Stampede for Turkey obliterates non-call pushback
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More Turkish banks are looking at tier two issuance
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The Turkish bank is not expected to be punished for failing to call a bond in 2022
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At least four CEE sovereigns are preparing new bonds before the end of March
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Alongside a conventional tranche, Romania will come close to wrapping up its 2024 funding on Thursday with green sale
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The sovereign paid a spread 250bp lower than the last time it issued a 10 year
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The sovereign has no plans to issue ESG bonds or in new currencies
