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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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Central European sovereign drops into euro market right after dollar double
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Sovereign reaffirms market access despite credit concerns
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Turkey has hit the market with a pair of bonds, defying concerns around inflation and a weakening currency
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Core European accounts driving demand for Eastern European bank subsidiary paper
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Market participants say EMIA’s “enhanced” principles may be onerous for issuers