Estonia
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◆ Deal lands after lengthy roadshow ◆ Investors pledge over €1.15bn of orders for sub-benchmark print ◆ Single digit concession offered -
Estonian lender Coop Pank could also make its covered debut on Thursday
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Estonian lender set to join Austrian and German-led sub-benchmark flurry
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Deal is more than five times subscribed as higher yield lures buyers
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Capital issuance from a new jurisdiction attracts market interest
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CEE covered bonds are at historic tights over core Europe
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Estonian lender is setting up an EMTN programme ahead of a first-half print
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Bank bonds from CEE are in high demand
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The energy firm hopes to issue new vanilla bonds in the near future
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Bumper demand allowed Estonian bank to reduce the spread by 60bp
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The 10 year bond is the country's first new issue for more than 12 months
