Serbia
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SSA issuers increase focus on PPs amid quieter period for public markets -
The sovereign has finished international funding for 2026
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Private placements are not unknown for CEE sovereigns, but this is the biggest for years
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The dollar market is offering cheaper funding at the shorter end
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Huge geographical range of credits now on offer
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The new issue premium was, at most, 10bp
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Investors pounced at the first Serbian corporate print, sending the book to more than $5.5bn
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Serbia sovereign moved into investment grade rating territory earlier in October
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Investors eye potential for credit rating uplift
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CEE sovereign's success to drive borrowers to issue in US currency over euros
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CEE sovereign is not expected to issue a bond after the virtual meetings
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Balkan state joins green bond club with seven year euro line
