Central and Eastern Europe

摘要

One of the most telling indicators of investors' renewed appetite for risk in 2009 has been the re-opening of the market for sovereign borrowers from Central and Eastern Europe (CEE). Striking evidence of the pent-up demand for the region's top borrowers came in July when Hungary launched its first euro-denominated benchmark in over a year. This €1 billion five-year deal, led by Citi and ING, generated total demand of close to €3 billion. In the same week, Poland successfully added $1.5 billion to a $2 billion deal it had launched a fortnight earlier via Barclays Capital, Citi and HSBC.