CEE Bonds
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Yet another spike in volatility serves as reminder of deterioration in fundraising conditions -
Investors had largely brushed aside concerns over Kazakhstan's relationship with Russia
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Fears that the stability needed to spark new issuance will not materialise this week
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Russia's bond payment in dollars last week has put the ball firmly in the West's court
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The sovereign has caught investors by surprise after making dollar payments
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Bankers see CEE new issues being put on hold
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Investors lose trust as Garanti chooses not to call bond
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Fed meeting could delay CEEMEA primary bond market restart following Easter lull
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The sovereign is not yet officially in default with a grace period still to run
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Bankers hope successful CEE issues will encourage more bond deals from the region
