Central Asia
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Hard-won print on its way from Uzbek bank after pulling last year's offers -
Halyk Bank reopened international loan market after 15 years
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First bank deal from the country since a spate of brutal restructurings at other banks in 2009
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The Uzbek bank will raise $400m to fund a tender for bonds maturing in December
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Lending to country dips after busy 2023
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Strong European participation suggests investors are shrugging off Russia war
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NIP estimates vary, but buyers greeted the deal with enthusiasm
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Investors crowd in after rally of more than 120bp since October
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The primary market is in good shape after well-received US inflation data on Wednesday
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At $300m, the Georgian bank would be printing the biggest ever AT1 from the country
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The new issue premium was about 50bp at the starting point, said one investor
