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Development bank's credit ratings suffered a blow after Russia's invasion of Ukraine
Books were nearly three times the issue size
◆ Higher rated Austrian lender offers more spread for similar senior preferred bond ◆ Big demand pushes deal inside fair value ◆ BCP still prints its tightest unsecured debt for more than five years
After a record 2024, Turkish corporate issuance slowed last year
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More subordinated bonds have come from CEE this week than in all of 2024
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Poland's second tier two deal and Romania's debut sub debt may come this week
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BCR deal marks a first from Romania
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The book was no blowout, but UzAuto sealed tighter spreads than its debut
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The company suffered little order attrition despite 'aggressive' spread tightening
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Extra spread entices investors to CEE bonds