Central and Eastern Europe (CEE)
-
◆ OTP Mortgage Bank order book outstrips previous demand ◆ Tightening in line with recent performance, says banker ◆ OTP becoming 'more established' as covered issuer -
Demand peaked at six times the deal size, but many orders dropped out
-
The Ukrainian company's January deal performed well on secondary
-
Books were nearly three times the issue size
-
Three trades have come in as many days
-
◆ CSG's IPO and the rampant investment for defence companies ◆ Ukraine issuer back in bond market ◆ Fomo sapiens: investment bankings most joyless
-
Investors proved eager to pick up the first CEE corporate bond in euros of 2026
-
Attrition was high after Erste Bank Hungary squeezed the spread
-
The company printed in a volatile market and secured hefty demand
-
◆ Hamburg Commercial Bank prices with 0bp-1bp of NIP ◆ Crédito Agrícola attracts €2.7bn of orders for debut benchmark deal ◆ Erste Bank Hungary offers CEE pickup
-
Czech defence firm priced at a discount to German competitor Rheinmetall
-
Funds will go towards a tender offer for its only bond, due in April
