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Development bank's credit ratings suffered a blow after Russia's invasion of Ukraine
Books were nearly three times the issue size
◆ Higher rated Austrian lender offers more spread for similar senior preferred bond ◆ Big demand pushes deal inside fair value ◆ BCP still prints its tightest unsecured debt for more than five years
After a record 2024, Turkish corporate issuance slowed last year
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The war has made investors more wary of emerging markets, even if Russia’s barring from capital markets is an extreme example of the risks they face
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MDB or national guarantees could help Ukraine issue again
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- Upheaval in the CEE bond market - Covid aftershocks in the US CMBS market - What Banga means for the World Bank and SSA bonds
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Sovereigns in the region have lost the pricing benefit of being in Europe, said one investor
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Slovenia managed to draw 'substantial' new investors despite running a tender alongside the tap
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Austrian bank's Croatian subsidiary pulls off country's first synthetic securitization