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Uzbek bank's deal is the first deal from the country in 2026
The lender started investor meetings late in April
Books were more than five times the deal size, which was capped
Data
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Investors are getting plenty of state owned issuance from Kazakhstan this month -
Demand for new bonds has not dropped off since the Iran war started, but new issue premiums have jumped
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Tight price and strong book reported as market awaits geographic breakdown
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More deals are expected later in the week
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The new issue premium was, at most, 10bp
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