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  • PKO BP became the latest emerging market issuer to target euro investors with the announcement on Wednesday morning that it had picked banks for a five year deal.
  • Romania made a stunning return to the dollar market on Tuesday, attracting nearly $12bn of demand for a dual-tranche deal that included the sovereign’s first ever 30 year issue.
  • Sovereign supply has dominated the CEEMEA market this week, with Latvia and Romania delivering landmark deals in euros and dollars respectively.
  • Poland’s deputy director of its public debt department, Bogdan Klimaszewski, has said the country could finish 50% of its financing for 2014 by the end of the month.
  • Serbia is planning to issue $600m in Eurobonds this year to help fill its €5.6bn funding target for 2014. Branko Drčelić, director of the public debt administration department at the Ministry of Finance said that the issue would likely be in dollars or euros, but the country is also considering sukuk, yen and rouble-denominated bonds for the future.
  • The Turkish covered bond law will be updated any moment now, paving the way for the first publicly syndicated euro denominated, mortgage backed covered bond. VakıfBank, Işbank, Ziraat Bank, and Akbank are in the frame, but the odds-on favourite to bring the first benchmark sized deal is Garanti Bank, which may surface in the first quarter.