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Deal's concession came to just a few basis points
The country is one of the most vulnerable in EM to energy price shocks
Demand allowed the pan-African bank to tighten the yield by 50bp
Data
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Meanwhile, Gulf borrowers head private as Iran war volatility keeps public flow thin -
Sovereign praised for move to secure funding after volatility
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Books for the jumbo €5bn deal were more than three times subscribed
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The spread to the sovereign was well over 100bp at initial pricing
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Kuwait joins PP party
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The bank is capitalising on an investor base starved of CEE bank issuance
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
