EMEA
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◆ German state's last benchmark this year ◆ Tightest Länder seven year in 2025 ◆ International demand dominates book
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Abu Dhabi's super tight spread opens up the possibility
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African sovereign 'always' finds big demand, said one observer
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Sovereign to price bonds through Saudi Arabia, but back of Abu Dhabi and Qatar
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Banks, infrastructure, urban development and the energy transition all areas of focus
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◆ Some investors pass over ESG but other factors prove a lure ◆ Orderbook more than three times deal size at peak ◆ Attrition as spread tightened
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◆ French utility skips guidance, boosts size ◆ Bid eradicates new issue premium ◆ P3 Group adds to green slate with a €500m 7.5 year
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◆ Demand sticky despite tight spread ◆ Next to no concession offered ◆ Pick-up to SSAs not a concern
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‘Long overdue’ upgrades not a surprise, but a relief, market participants say
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Investors have awaited Kuwait's return to the market it passed a debt law in March
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Initial level attracts buyers, especially after Yapi Kredi rally