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A double digit premium to the dollar curve lured in overseas buyers, who took a 'large chunk' of the bonds
Investors have lots of cash and are eager for new issuance
Investors are keen for new bonds and better rated borrowers may not want to issue in numbers
Data
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Global equity investors are getting a taste for the Gulf region, attracted by a busy pipeline, strong trading performances and high hydrocarbon prices. Being well away from Ukraine also helps.
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A denial of overseas market access should not stop Russian corporate borrowers servicing their debts
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Russian Swissie debt hit in secondary as private accounts look to offload
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Collapse in Russia sovereign and corporate bond prices in full steam as more sanctions loom as participants wonder when other issuers can raise funding again
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Kuwaiti lender Boubyan Bank put its sukuk on hold on Thursday after the Russian invasion of Ukraine shut down primary bond markets
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An exchange targeting domestic investors accounts for most of $850m print
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