Central and Eastern Europe (CEE)
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Estonian sovereign outing its first under local law -
Huge geographical range of credits now on offer
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Maxima and České dráhy are prepping euro notes
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New issue premium was zero, agreed those on and off the deal
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The new issue premium was, at most, 10bp
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The bank is the largest in the country and a close proxy for investors to the government
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The bank is capitalising on an investor base starved of CEE bank issuance
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The unlocking of frozen EU funding will be a big boost to the country
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Country's sovereign bonds will react well to an opposition victory, but an Orban win will prompt a sell-off
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Concession was higher than trades from earlier in the year
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Sovereign's trade will form a yardstick for concessions investment grade CEEMEA borrowers may need to offer
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Debut took a long time but established market access, says country's debt chief
