D&A prints largest non-sov CEEMEA bond so far in 2014

Oil rig
By Francesca Young
08 May 2014

Israeli Delek & Avner launched the largest non-sovereign CEEMEA bond of the year so far on Thursday — a $2bn deal printed across five tranches from demand of over $14bn. Among the CEEMEA region’s sovereigns, only Poland, Slovakia and Romania have priced deals as large or larger in 2014.

“We’re saying this over and over again, but it goes to show the huge appetite there is for EM right now,” said one syndicate official away from the deal. “This deal is massive for an EM corporate and evidently Russia and Ukraine aren’t even being considered when investors ...

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