New Bond Issuance Likely

The Estonian government is likely to tap the international bond market for general government financing in 2011 after the country adopts the euro. Public bond issuance in Estonia has been historically rare, with healthy fiscal balances and strong real GDP growth ensuring that government debt levels are among the lowest in the region. That said, with the country facing a protracted recovery from its 2008-2009 recession and the government having to meet major refinancing commitments for

To read the full article, please choose one of the following options: