EMEA
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Leads said no new issue premium was required, but attrition was large
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The government is struggling to bring in reforms to fix Kenya's fiscal problem
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◆ Rare deal unhindered by softer market open ◆ Single day execution and structure hit 'investor mindset' ◆ Real money buyers support pricing close to fair value
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UAE's largest ever construction IPO comes amid real estate boom
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◆ Belgian utility joins EuGB club ◆ Scentre tightens hard on €500m deal ◆ Primary market slows in anticipation of US shutdown volatility
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◆ New deal offers half the spread of the last one ◆ Investors pile into rare trade's book ◆ Pick up provided over govvies
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Investors from outside of the Middle East formed the majority of the book
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Sukuk from Egypt, priced on Tuesday, have proved just as popular in the secondary market as it was in syndication
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Santander Polska and Artea bankas secured comfortable oversubscriptions
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Senior banker joins from EIB
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◆ Higher spread deals from established jurisdictions attract demand ◆ RLB Steiermark returns after more than two years away ◆ No premium needed for CCF's third of 2025
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◆Rabo reenters euro senior market after more than a year away ◆ 'Pent-up demand' swells order book ◆ Green senior bail-ins down on 2024