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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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One banker on DBK's deal admitted to some anxiety over the market 'vomit', but investors held firm
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Yet another spike in volatility serves as reminder of deterioration in fundraising conditions
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Investors had largely brushed aside concerns over Kazakhstan's relationship with Russia
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Fears that the stability needed to spark new issuance will not materialise this week
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Russia's bond payment in dollars last week has put the ball firmly in the West's court