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Investors welcome country's efforts to reduce bulging debt burden, but there is nagging worry
Books were still healthy even after plenty of dropouts
The trade was priced tight and achieved an impressive outcome, thought one observer
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◆ Which banks sell in run-up to rate cuts ◆ South Africa election and the bond market ◆ Saudi Arabia leaves peers behind -
Books were two times covered for three Gulf banks bonds this week
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The prices on offer mean little pushback from investors when Saudi Arabia issues more than planned
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Sheer volume of issuance prevents sensible comparison to peers
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Sub-investment grade issuance from Gulf banks is very rare
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
