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Top section
Front end floaters fly for auto names in private placement format
New issue was premium was minimal, at worst
Very little — if any — premium left for the Public Investment Fund, a major shareholder
Data
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Issuer is the only Armenian bank that has printed on the international market
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The company trades tight to its parent, the Oman government
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Euros has overtaken dollars as the biggest share of the country's hard currency debt
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Scarcity is making Balkan sovereign bonds popular with investors
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Mexico paid a similar new issue premium for its $9bn deal last week
Sub-sections
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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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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa