Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Debt levels were far higher than reported under the previous government, as was the deficit
The new debt will pay for a tender of existing notes maturing in 2026
Sovereign pays zero new issue premium as books for 10 year deal top $4.9bn
More articles/Ad
More articles/Ad
More articles
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Investors hope for cash inflows but no sign yet -
The CEEMEA primary market turned a corner in 2024 after two dreadful years. Hopes of interest rate cuts fuelled demand, with investors wanting to lock in high coupons while they could. Market access returned for all but a few and although most deals went very well, some stood out more than others.
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Bond issuance from the CEEMEA region boomed in 2024, as investors made the most of high yields before interest rate cuts kicked in and keeping new issue premiums low. Meanwhile, a rejuvenated group from Turkey redrew the borrower map, writes George Collard
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Interest rate cuts mean spirits are high in the CEEMEA primary bond market after it recovered a semblance of normality in 2024. But Donald Trump’s election as the next US president has added uncertainty to the trajectory of interest rates, throwing borrowers and investors a curveball, write George Collard and Francesca Young
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New faces will join those that need to refinance existing bonds
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Variation over fair value calculations but deal still performs
