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Attractive market across the capital stack prompts expectations for foreign bank supply until the very end of August
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Seventeen banks joined the underwritten 18 month deal
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M&A could be much needed shot in the arm but dollars expected to dominate
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Issuers have frontloaded their core currency funding and could benefit from turning their attention to other projects as the year draws to an end
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◆ Strong local demand shows eagerness to buy Aussie covereds at new, tighter levels ◆ RBC prices in line with CIBC's reopener of dormant sector ◆ Onshore demand seen supporting issuance up to five years
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Reforms should focus on banks' access to liquidity, not capital
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Proceeds earmarked to refinance upcoming maturity
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The trade may persuade other top-tier GCC sovereigns that the public market is open
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Green investors buy when everyone else stops, giving issuers one last pricing lever — perhaps to cross a line none of them wants to reach
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Strong appetite from international banks for first gigascale 24/7 solar plant
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Greenshoe option fully exercised, bringing deal to €330m
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Uzbek issuance has fallen to near zero after a busy few years