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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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Gazprom is set to access the Swiss franc market this week to sell its first trade in the currency for over three years.
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The Republic of Slovenia revealed the mandate for its debut sustainability bond on Monday, just months after it impressed market participants with a 60 year bond.
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Belarus's sovereign bonds tumbled on Monday morning at the prospect of further EU sanctions.
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The Republic of Turkey demonstrated its access to international markets this week with a four times oversubscribed sukuk. But the deal does not represent an access-all-areas pass to the capital markets for the borrower, following a turbulent period that has seen little change to appease investors, writes Mariam Meskin.
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Emerging market investors appeared calm but hopeful as Russian president Vladimir Putin and his US counterpart Joe Biden prepared to meet in Geneva on Wednesday. It is hoped that the summit will quell tensions between the two countries.