Hungary
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◆ Hungarian bank brings subordinated debut ◆ Order book allowed 50bp of spread tightening ◆ Absence of senior deals led to 'some surprise' -
Books were over $2.5bn in the early afternoon
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A fellow Hungarian bank and a Kazakh debutant are preparing dollar bonds
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Hungary and Slovenia jump in for a combined €3.5bn
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The debt chief will begin a new position at Hungary's central bank in March
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CEE covered bonds are at historic tights over core Europe
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Deep domestic market to handle most of government's borrowing needs
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Some CEE countries are already borrowing huge amounts in the Eurobond market
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Investors are feasting on extra spreads on offer in central and eastern Europe
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CEE banks are drawing heavy demand for new bonds
