EMEA
-
◆ Demand sticky despite tight spread ◆ Next to no concession offered ◆ Pick-up to SSAs not a concern -
‘Long overdue’ upgrades not a surprise, but a relief, market participants say
-
Investors have awaited Kuwait's return to the market it passed a debt law in March
-
Initial level attracts buyers, especially after Yapi Kredi rally
-
Yields are far, far lower than when Egypt last printed in the format
-
Emirate prices far inside best US corporates
-
-
More social deals to come, in dollars or euros
-
Strong captive green demand keeps euro benchmark books sticky
-
Sovereign achieved ‘significant milestone’ but market participants hope to see more
-
Less illustrious issuers may struggle to repeat Qatar bank's outcome, and more expensive euro funding would crimp interest
-
◆ Insurer sells first RT1 before calling legacy tier one ◆ Priced close to or through fair value ◆ Investors bullish on Italy
