CEE Bonds
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Books reached close to $10bn but lost a few billion after tightening -
New issue concession was minimal at worst, estimated bankers
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It was the first senior preferred deal from the bank in two years
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Hungary and Slovenia jump in for a combined €3.5bn
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There was no hesitation in starting issuance this year with subordinated debt
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Markets are 'less bubbly' after a steep rise in US Treasuries in December
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Dampened US rates outlook bad news for EM inflows but numbers don't tell full story and non-specialists step up
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The debt chief will begin a new position at Hungary's central bank in March
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Country's gross borrowing will rise 16% next year as defence budget grows
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Decision on the refi will be made in first half of 2025 but new Eurobonds are 'unlikely'
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Investors hope for cash inflows but no sign yet
