CEE Bonds
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Euro market does not offer the size or duration it used to
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Lithuania also considering returning to the US as the euro market struggles
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BGK had been unable to tighten pricing back on May new issue
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Other CEE issuers will take note but not read much into the outcome of BGK's deal
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The CDS auction for Russia will be held on September 12
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Lending volumes and bond issuance from Turkey have plummeted this year
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Recovery in sentiment has wobbled in run-up to Jackson Hole
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Meanwhile, auction for Russia CDS date narrowed
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Despite better markets, few expect issuance volumes to recover from lowest levels in years
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Pan-Baltic lender paid up to land its short dated MREL bond
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Borrower may not care whether its offer is successful, said one analyst