CEE Bonds
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The first CEE sovereign bonds in the primary market for more than a month showed how high new issue premiums need to be to lure investors
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The eastern European sovereign may not herald the start of a new batch of EM issuance
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Spreads on Polish sovereign bonds have held up as well as for some eurozone issuers
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Eesti Energia returns for first bond since 2015
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Ukraine still plans on meeting all debts to foreign investors
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Though EM bond markets are in a torrid state, spreads have held in. It suggests the worse could be yet to come
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It is difficult to see the regulator pushing Turkish corporate borrowers towards default, agreed market experts
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Primary market activity in EM remains quiet due to US Treasury volatility
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Rising interest rates to combat inflation mean borrowing will become ever more expensive
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The region is grappling with Ukraine contagion on top of volatile rates
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Investors express preference for shorter, smaller deals
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One banker on DBK's deal admitted to some anxiety over the market 'vomit', but investors held firm