Hungary

Gulf issuers get ready after steady beginning to year's bond sales

Country prints bigger bond than expected and will therefore rely less on private placements

Country is dialling down bond market activity

Bankers expect issuers to aim for big sizes

This year's international bond issuance for Hungary was the highest, bar 2020, for a decade

Export credit agency offered a concession of at least 40bp at initial pricing

Part of Hungary's EU frozen funding is set to be released, but that will not benefit MBH's deal

◆ Senior euro funding pushed back in favour of covered bonds ◆ Both issuers and investors show preference for high grade products ◆ BPCE picks the US for a quadruple Yankee as sentiment recovers

EM pipeline keeps flowing in face of US Treasury volatility

CEE issuers are having to offer more due to lower liquidity than developed market peers

The bonds widened in the secondary market on Wednesday

Investors are keen for new issues, but they will be more selective than earlier in the year