Hungary
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At initial pricing MVM offered about 130bp over the sovereign curve
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CEE bank issuance far outstrips this time last year
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Kurali says investor green bond engagement has rocketed
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Deals away from the public market can offer cheaper pricing and new pockets of demand
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Gulf issuers get ready after steady beginning to year's bond sales
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Country prints bigger bond than expected and will therefore rely less on private placements
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Country is dialling down bond market activity
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This year's international bond issuance for Hungary was the highest, bar 2020, for a decade
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Export credit agency offered a concession of at least 40bp at initial pricing
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Part of Hungary's EU frozen funding is set to be released, but that will not benefit MBH's deal
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◆ Senior euro funding pushed back in favour of covered bonds ◆ Both issuers and investors show preference for high grade products ◆ BPCE picks the US for a quadruple Yankee as sentiment recovers