Croatia
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◆ Both banks issue their second ever euro deals in respective asset classes ◆ SBAB prints much tighter but also ends up with lower oversubscription ◆ Higher spread pick-up on the Croatian deal lures buyers as issuer's credit profile improves -
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The sovereign went longer and larger than usual
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The central European country's redemptions have spiked this year
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Enterprise Investors sponsored firm to be first Croatia listing since 2017
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Scarcity value helps CEE sovereign garner large demand for a 10 year deal
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The country aims to raise €1.5bn in funding on international debt markets this year
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Investors are buying everything put in front of them, said one banker
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Croatia is a rare EM credit without any major problems, said investors
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Parent's operations in Russia make this a trickier deal than other CEE banks, said one observer
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US inflation-driven rates volatility spoils rally, unsettles investors
