CEE Bonds
-
Investors expect most demand for Lithuania's issue to be from non-EM focused accounts -
Observers expect more issuers to roadshow then decide against bringing deals
-
BGK continues CEE issuance but only investment grade names have tested the water in the past week
-
More liquid Latvia to be used as pricing comparable for Lithuania
-
A licence allowing Russia to pay foreign investors will likely expire at the end of the week
-
BGK may have to offer higher new issue premium than Polish sovereign
-
Borrowers must be ready to jump into picky primary markets as stigma of failure falls
-
EM borrowers have little to lose by approaching investors. Cowering in the corner could have a higher price
-
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
-
The eastern European sovereign may not herald the start of a new batch of EM issuance
-
Spreads on Polish sovereign bonds have held up as well as for some eurozone issuers
-
Eesti Energia returns for first bond since 2015
