Central and eastern Europe sovereigns enjoyed big demand for benchmarks at the start of 2023 but paid high new issue premiums. This was reversed later in the year, as investors became more confident about the path of interest rates and when borrowers had less to raise. George Collard reports
If 2023 was a better year for CEEMEA bond issuers it is no great claim; 2022 was dreadful. But investors have gained a degree of comfort over the path of interest rates, giving hope — but not confidence — of a further rebound in the primary market in 2024, write Francesca Young and George Collard
