Central and Eastern Europe (CEE)
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The Polish national regulator made the proposals in an update to its Long-Term Funding Ratio requirements -
The Polish bank secured the most orders for a CEE bank bond this year so far
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The new issue premium was around 5bp area
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Books were still healthy even after plenty of dropouts
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The trade was priced tight and achieved an impressive outcome, thought one observer
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More subordinated bonds have come from CEE this week than in all of 2024
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Poland's second tier two deal and Romania's debut sub debt may come this week
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BCR deal marks a first from Romania
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Lenders believe year ahead may not be as robust unless event-driven M&A takes place
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Extra spread entices investors to CEE bonds
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The trade was a little smaller than last year's debut, but has another social label
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◆ Hungarian bank's €100m deal takes €1.15bn of orders ◆ Issuer had Wednesday's FIG market to itself ◆ CEE names offering 'nice pickup'
