Central and Eastern Europe (CEE)

Estonian bank is paying no concession, thought one observer

The bank printed Estonia's first ever international AT1 in February

◆ ABN eyed traffic jam ◆ NIBC competes with popular names ◆ Pekao manages book sensitivity

◆ Deal multiple times subscribed ◆ Fair value debated ◆ RCI Banque experiences attrition

Another CEE trade from Hungary's development bank will also price on Wednesday

The bank left the book open longer than planned due to problems with Bloomberg

Downgrades are looming if Romania cannot fix its sky high deficit

The bank may tap demand from investors facing falling sovereign issuance

A bond in the same format last year from another Czech bank was a hit with investors

Country is trying to reduce its bloated deficit, but political instability is complicating efforts

◆ Both banks issue their second ever euro deals in respective asset classes ◆ SBAB prints much tighter but also ends up with lower oversubscription ◆ Higher spread pick-up on the Croatian deal lures buyers as issuer's credit profile improves

Economic reform continues despite war, new governance platform is launched