Romania
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More CEE sovereigns are preparing to issue new bonds but African issuers may need to wait -
Romanian fund's €155m selldown finds more international demand than its January deal
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Alongside a rights issue, the Romanian government received €25m of shares
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Another new deal from a low triple-B issuer should encourage others in EM
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Investors were concerned earlier in the year that Romania was issuing too much
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The first CEE sovereign bonds in the primary market for more than a month showed how high new issue premiums need to be to lure investors
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The eastern European sovereign may not herald the start of a new batch of EM issuance
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Romania hoped to signal 'green shoots' of EM optimism
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Romania lines up second bond market outing of 2022
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Borrowers push on but can't pay up much more, say bankers
