CEE Bonds
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Turkish state owned banks are not under government pressure to issue in dollars, said bankers
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The state-owned export bank drew a book over $1.75bn in a now rare non-sovereign deal from Turkey
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Investors have shown high demand this year for senior bank debt in Europe
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CEE sovereign's success to drive borrowers to issue in US currency over euros
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Concession estimates were in a wide range but Serbia may even have offered no new issue premium
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Balkan sovereign readying multiple tranches after latest CEE deal more than 4.6 times subscribed
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More CEE sovereigns are expected to issue new bonds
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The new issue premium on offer was considerably smaller the last new bond issued by the sovereign
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Turkey has benefited from support from official investors in the Middle East
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Sovereign is CEE’s fourth issuer this year and more are expected to follow
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US inflation reading later this week will be the first major test for the EM primary market this year