Slam dunk week for CEEMEA bonds as NIPs barely on show

Emerging markets1_230
By Francesca Young
16 Jan 2020

It has been an extraordinary week in the CEEMEA new issue market where barely any deal was printed without a huge order book and a flat or negative new issue premium. Though a slew of expected sovereigns have so far stayed away, bankers said they expected them to step up to the plate soon.

Eight benchmark bonds were printed this week from CEEMEA — from First Abu Dhabi Bank, Veon, Bahrain Mumtalakat, Prosus, TSKB, Isbank, Qatar National Bank and Phosagro. 

As well as the sheer uniformity of tight printing and clear heavy demand across the board, the variety ...

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