Central and Eastern Europe (CEE)
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The former FIG dealmaker has landed his first acquisition but growth ambitions for the investment bank remain on the mid-market
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Sale took place on volatile day but big book saw it through
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Orders pass $4bn for army funder
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Labelling the use of proceeds offers advantages for some investors while ruling others out
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Unpalatability premium may be an opportunity for other buyers
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War in Middle East and volatile rates have made issuing difficult, if not impossible
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CEE corporates have not issued in euros for four months
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Part of Hungary's EU frozen funding is set to be released, but that will not benefit MBH's deal
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◆ Senior euro funding pushed back in favour of covered bonds ◆ Both issuers and investors show preference for high grade products ◆ BPCE picks the US for a quadruple Yankee as sentiment recovers
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The bank joins a growing list of RBI subsidiaries selling public bonds
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◆ Unsecured issuance to resume from Wednesday ◆ Infrequent and rare issuers fill pipeline ◆ Pre-funding national champions may compete
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EM pipeline keeps flowing in face of US Treasury volatility