Hungary
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Bondholders are worried about Hungary's ESG profile and further credit rating downgrades -
The euro market is still too rich for CEE FIG issuers, said one banker away from OTP
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Using the dollar market makes sense, said one banker, as US investor interest in CEE increases
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The Fed is unlikely to revise its plans as oil prices rise due to the cut in production
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Pipeline of new CEE bonds, including some from FIG issuers, is on ice until Easter
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The lender drew a book of well over $1bn for a rare dollar bond from a CEE financial issuer
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Nearly all FIG bonds outstanding from the CEE region are from Russian or Turkish issuers
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Hungary also wants to make its green bonds a darker shade of green
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Investors have queried if a private placement and green bonds are an attempt to deflect from EU dispute over primacy of rule of law
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Sovereign will face elevated funding costs, believes bond buyer, if it is forced to come to market over fight with bloc
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The sovereign now wants to privately tap existing bonds instead of arranging new private deals
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Hungarian bank clinches €150m more than its minimum target
