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  • Caisse Francaise De Financement Local (Caffil) lost €700m of orders after deciding to price its €1bn 10 year covered bond flat to OATs on Tuesday. But in contrast Vseobecna uverova banka (VUB) was able to price comfortably inside fair value largely because its deal offered a substantial pick-up to other covered bonds.
  • CEE
    The Republic of Belarus is taking a second run at the new issue market after its first round of marketing ran into Covid-19.
  • The Single Resolution Board is asking for new data from banks on their key metrics as of the end of June, with an eye to using the information to tweak their minimum requirements for own funds and eligible liabilities for 2020.
  • CEE
    In GlobalMarkets’ discussion with DMO heads from Lithuania, Slovenia, Ukraine and Uzbekistan at the end of May, there emerged an optimistic outlook for their countries.
  • CEE
    We are living in deeply challenging times. The ongoing Covid-19 pandemic has affected every facet of social and economic activity across the globe: it has caused a tragic loss of life, it has induced governments to undertake severe lockdown measures and it has severely disrupted the normal flow of people, goods and services.
  • CEE
    Following a deep and protracted recession after the great financial crisis, the Croatian economy has markedly improved over the last couple of years against the background of EU accession. Exports grew strongly as the remaining barriers to trade were dismantled and boosted competitiveness, with strong increases both in exports of goods, as well as exports of services, on the back of steadily increasing numbers of foreign tourists and their rising consumption.