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There is an aggressive hunt for yield by issuance-starved investors in the Gulf
Spreads are back at pre-Iran war levels, but still offer a premium to western Europe
The company is expanding outside Turkey, such as into Saudi Arabia
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Turkey's central bank increased inflation forecasts on Thursday due to rising energy prices
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Deal's concession came to just a few basis points
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Uzbek bank's deal is the first deal from the country in 2026
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The lender started investor meetings late in April
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The trade is the first from a 'mid-tier' Uzbek lender
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The dollar market is offering cheaper funding at the shorter end