Asia Pacific

◆ Simultaneous execution with Alphabet's record deal bodes well for others ◆ More FIG names likely to print in near future ◆ Other European banks diversify funding in Singaporean and Australian dollars

◆ Largest Australian tier two tranche since 2020 ◆ Pays slightly higher NIP than earlier deals ◆ 'Novel' structure attracts high quality order book

Uzbek bank's deal is the first deal from the country in 2026

The lender started investor meetings late in April

The trade is the first from a 'mid-tier' Uzbek lender

There is still a pipeline of issuance from the country

Investors are getting plenty of state owned issuance from Kazakhstan this month

More deals are expected later in the week

Issuers are coming at different tenors in dollars, and one with a rare global bond

Underwater trading was due to softer market conditions on Thursday, said a syndicate banker

High-yield Japanese corporate bond issuers are set to step up their offshore bond issuance plans in 2026 amid a push to diversify their funding sources. They are likely to see success in dollars and euros provided market conditions hold up, writes Rashmi Kumar

In 2022, the Kazakh railway company aborted plans to issue in dollars