Poland
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US Treasury yields have jumped in the past week
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The bank is considering bond issuance in currencies other than the euro
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Books were €700m for what had been penned as a €750m deal
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Demand hefty, despite being Pekao's second tier two in less than a year
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Investors in CEE corporate debt find Orlen a 'preferred asset'
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PKO is the fourth Polish bank to debut in the tier two market in the last year
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Poland's development bank has been trading tighter to the sovereign than usual of late
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Polish bank beat a peer's recent price by 1bp
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International issuers look to Swissies for diversification, even if costs are higher
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Spreads are back at pre-Iran war levels, but still offer a premium to western Europe
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New issue premium was zero, agreed those on and off the deal
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Concession was higher than trades from earlier in the year