Latvia
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Latvia should be able to avoid the high concession Lithuania paid earlier this month -
International bonds from Latvian banks are very rare
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Country's gross borrowing will rise 16% next year as defence budget grows
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A distorted curve makes judging fair value at this tenor difficult
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There was high book attrition, about 45%, between guidance and final pricing
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Initial pricing was one of the tightest starting points for a CEEMEA sovereign in dollars in the last 18 months
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A growing number of central and eastern European sovereigns are turning to dollars
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The airline will soon choose which banks will run its initial public offering
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No CEEMEA borrower has started execution at such a high yield in the past 18 months
