EMEA
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Books for the €500m deal were over three times covered
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Observers expect the miner's offer will be in big demand
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Boad's hybrid has a maturity date, unlike those from AfDB and AFC
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◆ First five year dollar from the issuer since 2021 ◆ L-Bank print provided building block ◆ Further dollar deals planned
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Deal comes as lenders say demand for project finance is growing
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Euro and sterling investors snap up fresh deals as Europe enters blackout
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◆ Investors flock to €300m print ◆ Bond priced flat to fair value ◆ Deal spotted tighter almost immediately in secondary
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◆ New 10 year issued every year since 2014 ◆ Pricing comes close to flat ◆ One more syndicated offering planned
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◆ Small deal attracts big book ◆ Bond prices through fair value ◆ Austrian issuer compresses spread to more liquid peers
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Energy firm's market premiere is eighth from a Turkish company since January 2024
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◆ Bond priced flat to fair value ◆ 'Pros and cons' for tightening ◆ No-grow tactic deployed
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New issue premium of 50bp at initial pricing but plenty of tightening expected