EM euro offerings excite investors
A pair of rare euro bonds from sovereign emerging markets borrowers hit the market this week, much to the approval of investors who said the deals provided “good value”.
Turkey, following up on its $2bn five year in October, has opened books for a February 2026 euro benchmark. Leads BNP Paribas, HSBC and ING offered initial price thoughts of 5.5% area.The 5.5% area initial price thoughts for Turkey’s deal look “pretty cheap” to one investor. “It’s ...
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