Central and Eastern Europe (CEE)
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Deal could include $950m of bonds
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Romanian company says retail offering was 5,800% oversubscribed
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Buyers line up €11bn of debt and equity financing
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Japanese government bond yields have risen during the last few months
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◆ OTP Mortgage Bank order book outstrips previous demand ◆ Tightening in line with recent performance, says banker ◆ OTP becoming 'more established' as covered issuer
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Demand peaked at six times the deal size, but many orders dropped out
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The Ukrainian company's January deal performed well on secondary
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Books were nearly three times the issue size
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Three trades have come in as many days
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◆ CSG's IPO and the rampant investment for defence companies ◆ Ukraine issuer back in bond market ◆ Fomo sapiens: investment bankings most joyless
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Investors proved eager to pick up the first CEE corporate bond in euros of 2026
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Attrition was high after Erste Bank Hungary squeezed the spread