Kuwait's Equate stuns with triple-tranche pitch

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By Ross Lancaster
24 Mar 2020

Kuwait's Equate Petrochemical stuck its head above the parapet this week, holding investor calls for a triple-tranche bond issue.

With volatility still ripping through markets, few participants had expected to see new deals from the emerging markets for another few weeks.

Regional differences have emerged in bond performance. Notes from issuers within the Gulf Cooperation Council have attracted better bids than those from sub-Saharan Africa. But trading ...

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