Romania
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Books are multiple times covered throughout the revised range -
Despite Hidroelectrica’s decision to stay local, things may not be as bad as they seem for the exchange
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Hidroelectrica's listing is a marquee moment for the country, but there are concerns it will harm liquidity
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Hydropower company launched Romania's largest ever IPO on Tuesday
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The trades drew big order books and each issuer was able to crunch pricing by tens of basis points
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A well-received US inflation print on Wednesday has increased emerging market bond investor appetite
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The bank plans to issue just a few weeks after a fellow Romanian lender broke new ground
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Market participants queried whether it was the right bank to restart issuance
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The deal would be the first from a Romanian bank and the first CEE deal since the banking crisis of March
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Pipeline of new CEE bonds, including some from FIG issuers, is on ice until Easter
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More CEE sovereigns are preparing to issue new bonds but African issuers may need to wait
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Romanian fund's €155m selldown finds more international demand than its January deal
