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◆ 'Cautious' start say some market participants ◆ New issue premium debated ◆ Price and size praised by rivals
Concession was higher than trades from earlier in the year
Sovereign's trade will form a yardstick for concessions investment grade CEEMEA borrowers may need to offer
Debut took a long time but established market access, says country's debt chief
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![Windsurfers on the stormy Lake Starnberg [automated translation]](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
As the Middle East war shakes bond markets, non-sovereign public sector issuers are proving their safe haven status -
Sovereign keeps funding guidance unchanged for 2026 but warns against 'adverse effects on growth'
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The country is one of the most versatile sovereign issuers, printing across multiple formats
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Primary market for public sector unlikely to see large transactions until after Easter, reckon bankers
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Market participants pray for no negative news overnight in hope of ‘pre-Easter wave of issuance’
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Two day executions expose dollar issuers to market volatility
![Windsurfers on the stormy Lake Starnberg [automated translation]](https://assets.euromoneydigital.com/dims4/default/1274b45/2147483647/strip/true/crop/6000x3375+0+302/resize/320x180!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fbe%2F50%2F4dcf580a484ebf1ce49a1ef34278%2F2ammkfj.jpg)
