Central and Eastern Europe (CEE)
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BGK continues CEE issuance but only investment grade names have tested the water in the past week
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More liquid Latvia to be used as pricing comparable for Lithuania
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A licence allowing Russia to pay foreign investors will likely expire at the end of the week
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BGK may have to offer higher new issue premium than Polish sovereign
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The first CEE sovereign bonds in the primary market for more than a month showed how high new issue premiums need to be to lure investors
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The eastern European sovereign may not herald the start of a new batch of EM issuance
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Spreads on Polish sovereign bonds have held up as well as for some eurozone issuers
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Eesti Energia returns for first bond since 2015
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Ukraine still plans on meeting all debts to foreign investors
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Investors not ready to return to CEE, but long-term potential is promising
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Migration of young, highly skilled Ukrainians brings long-term hopes
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Yet another spike in volatility serves as reminder of deterioration in fundraising conditions