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Despite rough market conditions and angst over rates, array of deals have been well taken
It is difficult to see issuance conditions growing much better in the foreseeable future
Trade follows a private placement the bank made after the US-Iran war started
Data
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EM debt investors had largely expected a debt treatment would be required
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US Treasury yields have jumped in the past week
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Kevin Warsh's speech at Jackson Hole has pushed up borrowing costs for dollar issuers
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◆ Three year creates another point on curve ◆ €750m was target, Leumi’s deputy CEO said ◆ Strong market reopening after summer lull gave confidence
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A double digit premium to the dollar curve lured in overseas buyers, who took a 'large chunk' of the bonds
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Investors have lots of cash and are eager for new issuance
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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European Investment Bank: Supporting sustainable development in North Africa