CEE Bonds
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Other CEE issuers will take note but not read much into the outcome of BGK's deal -
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
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Process for Ukraine expected to be far easier than for Russia
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Picking the right banks is key in a difficult primary market, particularly in CEE
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Investors are ready to put their piles of cash to work
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Turkish bonds have rallied in the past month to the point where printing a new bond would be feasible
