Slovenia
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NLB failed to hit its target size of €200m-€300m -
A missile landing in Poland on Tuesday has not had any impact on the CEE bond market
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The Slovenian bank expects to draw demand from investors outside of Slovenia
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It had hoped to raise funds off longer dated bonds but investors are too risk-averse
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CEEMEA issuers have increasingly had to rely on the local bid
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NLB is a rare issuer, which is one reason it may have chosen to pay more than borrowers which printed bonds recently
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Investor concern over "super-high" prices some issuers are willing to pay
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ECB rate rise fears later this year means costs have risen for the sovereign’s second 2022 visit
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Sovereign was first CEE issuer this year, but will pay more this time around
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Slovenian lender cut price by 10bp and increased book size as EM investors, issuers face off
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Four CEEMEA issuers are trying to issue new bonds, but investors are being put off by volatile US Treasury yields
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The sovereign has filled maturity gaps in its debt profile with the first CEE issuance of the year
