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◆ Deal was priced tighter than the issuer's previous covereds ◆ Banker said spread tightening 'speaks for itself' ◆ Second banker put spread through FV
The sovereign may soon receive a rating upgrade, following an outlook change by Fitch
The familiar problem of inter-creditor opacity has also reappeared
Data
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The Turkey sovereign trade was as well timed as ever, said observers -
The company received its first credit rating this week
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Another CEE trade from Hungary's development bank will also price on Wednesday
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The bank left the book open longer than planned due to problems with Bloomberg
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The company is 'very well run', said one buyer
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Fair value for a seven year has not changed much since February's trade, thought one banker
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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
