Gazprom first EM corporate to test Covid-19 markets
After a run of sovereign issuance, emerging market investors got their first taste of corporate paper since the Covid-19 coronavirus crisis struck bond markets.
Top tier EM sovereigns such as Panama, Israel, Qatar and Abu Dhabi have all come to the new issue market since severe volatility dislocated funding conditions. But EM corporate dealflow has been quiet.Gazprom usually roadshows before selling bonds but on Wednesday it opted for an intraday execution, in the ...
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