Sovcombank 'struggles' over line as fears grow of EM bubble bursting

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Sovcombank 'struggles' over line as fears grow of EM bubble bursting

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Sovcombank printed a tier two bond on Monday at the wide end of guidance and the lowest end of the expected size range, which an investor said was a sign that the deal was “struggling” over the line. But a lead manager on the note pointed to healthy trading on Tuesday and its debut status and said that the issuer had simply taken sensible decisions after an in-depth price discovery process.

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