Hungary
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Hungary has been borrowing in the yen market for 40 years
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Fair value is about 180bp over mid-swaps says a banker on the trade
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Issuers, especially banks, drew high demand
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Subordinated debt has formed most CEE FIG issuance since January
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At initial pricing MVM offered about 130bp over the sovereign curve
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CEE bank issuance far outstrips this time last year
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Kurali says investor green bond engagement has rocketed
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Deals away from the public market can offer cheaper pricing and new pockets of demand
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Gulf issuers get ready after steady beginning to year's bond sales
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Country prints bigger bond than expected and will therefore rely less on private placements
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Country is dialling down bond market activity