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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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Infrequent issuer's less liquid curve makes judging fair value tricky
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Slovenia was also in the euro market, tapping 10-year bonds
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Demand was 'incredible' for Poland's $8bn record trade
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Poland tightens guidance on $8bn triple trancher
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Investor confidence in the country has wobbled slightly in the past few weeks
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Demand good, deal tightens beyond expectations in 'big moment' for Turkey