Central and Eastern Europe (CEE)
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Sanctions prevent most other Russian corporates from repaying foreign bondholders
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The destruction wrought on Ukraine means it will eventually have to talk with investors about its debts, believe bondholders
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CEEMEA issuers have increasingly had to rely on the local bid
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No consent fee offered for standstill
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NLB is a rare issuer, which is one reason it may have chosen to pay more than borrowers which printed bonds recently
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Investor concern over "super-high" prices some issuers are willing to pay
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Naftogaz non-payment could foreshadow a sovereign default
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Hungarian bank's deal could be the last new issue from CEE until September
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Investors not keen on CEE as liquidity drops heading into July
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Lithuanian company raising money ahead of maturity next year
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Erste Group's Czech subsidiary decided to issue its first senior deal of the year in its domestic currency