Mubadala and Garanti set out in choppier conditions
Just after the pipeline of announced primary bond deals swelled, volatility in the emerging markets and the oil price increased this week, leaving the JP Morgan EMBI wider by 15bp. Still, some issuers such as Mubadala and Garanti Bank, are ploughing ahead with their new issues, although some are questioning whether weaker names will find the same demand as they could have expected a week ago.
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