Central and Eastern Europe (CEE)
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New bond supply from CEE banks has been limited since January
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Investors expect issuance to keep flowing as the Fed cuts rates and inflows return
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Slovenia was also in the euro market, tapping 10-year bonds
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Demand was 'incredible' for Poland's $8bn record trade
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Poland tightens guidance on $8bn triple trancher
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The sovereign tightened 50bp from IPTs to land closer to Serbia than bankers had expected
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Scarcity value helps CEE sovereign garner large demand for a 10 year deal
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At initial pricing MVM offered about 130bp over the sovereign curve
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The country aims to raise €1.5bn in funding on international debt markets this year
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Fair value for the debut currency is in the mid-7% yield area
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Romania seeks to capitalise on the success of Hidroelectrica’s IPO last year