EMEA
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◆ €500m no-grow print avoids competing supply ◆ 15bp-20bp needed to seal the deal ◆ Smaller names should be prepared to pay up in August supply rush
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Issuance not expected to return until the final week of August
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Asian buyers are limiting their involvement in Middle East bonds for all but the very best issuers
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The issuer has kept sterling investors busy with 12 deals this year
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The tide against inflation is turning but more pain lies ahead for the economy
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German issuers lining up themed follow-on new issues
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Turbine customers see little debt market blowback despite potential for major operational disruption
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The sovereign has already raised $16bn this year via a sukuk and a conventional bond
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‘Things didn’t add up’ for a tap until this week
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◆ Second bail-in euro note to also carry a green label ◆ Trade expected on Thursday following a day of investor calls
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A new dollar green bond in the autumn is on the cards to help the issuer meet €10bn target
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Steep rise in yields since mid-July is expected to draw in real money