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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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Turkey has benefited from support from official investors in the Middle East
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Sovereign is CEE’s fourth issuer this year and more are expected to follow
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US inflation reading later this week will be the first major test for the EM primary market this year
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Sovereigns find exceptional issuance window but market still fragile
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CEE sovereign prints bring hope of better times ahead in primary market