Bloomberg: Czech Republic’s `huge’ eurobond demand means Romania, Ukraine to follow
Romania and Ukraine will likely face “strong” demand for their planned Eurobond offerings after the Czech Republic raised euro-denominated debt in an oversubscribed issue, Credit Agricole Cheuvreux SA said, quoted by Bloomberg.
The Czech sale of 2 billion euros ($2.56 billion) of debt yesterday drew 5.3 billion euros in bids as planned deficit cuts and optimism about emerging-market debt sent the country’s borrowing costs below those in higher-rated Italy. It was priced to yield 105 basis points more than the benchmark mid-swap rate.
