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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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Steel company won rating upgrade at the end of last week -
When and how Ukraine will regain this market access is highly uncertain
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◆ New legislation will drive supply ◆ Covered bonds become a crucial part of Polish funding mix ◆ Up to €1bn of fresh paper expected this year
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The government has been stung by uncapped payments to warrant holders
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Volumes in the region returned to pandemic levels this month
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Despite the end of a debt standstill looming, talks in June failed to reach a deal
