Borrowers from central and eastern Europe are lining up to tap the bond market, but bankers fear there might not be enough new issue supply in 2001.

The Polish and Hungarian governments plan to borrow a combined €1.3bn ($1.21bn). Earlier this week the Polish ministry of finance mandated Deutsche Bank and Merrill Lynch to manage a €500m 10-year bond. The Hungarian debt management agency has said that it intends to issue €800m of international bonds in 2001.