Central and Eastern Europe (CEE)
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The spread CEE banks are offering versus the eurozone periphery issuers is attracting investors
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Bank bonds from CEE are in high demand
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Hungary has been borrowing in the yen market for 40 years
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Demand for Czech electricity company’s latest deal is lower than when it issued in June
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Lower demand for a longer tranche was a reflection of market conditions, said one banker
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The bank has reduced the spread by more than nearly any other CEE bank in the last 18 months
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New bond will be the electricity company's second SLB in three months
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Orders for dollar tranche were more than $4bn, euro orders even higher
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Other CEE sovereigns have secured arbitrage by printing in dollars
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The yen market has had a rocky month after the Bank of Japan raised interest rates