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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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Deal helped by talk of a ceasefire in the Russia-Ukraine war
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The Lithuanian bank made its international market debut in 2024
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◆ Deal lands after lengthy roadshow ◆ Investors pledge over €1.15bn of orders for sub-benchmark print ◆ Single digit concession offered
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Book over €5bn as chunk raised to help Ukrainians
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The Moldovan firm issued fresh 2029s in November, during the US presidential election
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There are a range of options for achieving extra defence spending, said debt officials