Slovakia
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◆ Deal attracts largest CEE euro covered book ◆ Book holds up after 'aggressive' 12bp move ◆ Bond prices through fair value, but setting the level proves tricky -
Wide range of pricing references considered
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Reductions in ECB purchase programmes will cut Slovakia's funding by €1bn-2bn
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Volumes on international markets will drop after a heavy two years
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CEE covered bonds are at historic tights over core Europe
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The CEE sovereign's seven year priced tighter than any from its peers this year
