Belarus pivots to dollar demand

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By Ross Lancaster
18 Jun 2020

The Republic of Belarus ditched euros on its return to bond markets on Wednesday, printing two dollar tranches on which it was able to ratchet pricing tighter.

Despite some weak days last week, emerging market sentiment has positive momentum. Investors are taking down an increasing amount of single-B rated credit and accepting deep spread cuts during deal execution.

B/B rated Belarus had initially roadshowed as markets started to fall at the end of February. The ...

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