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The sovereign is ramping up overseas issuance, plans to branch out into new currencies
Premium to dollars was in the high single digits, said a lead
The UAE bank capped the deal size at $500m, gaining some leverage over pricing
Data
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The country's debt levels are very high, and weaker oil prices are a threat
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The company is well known to emerging market corporate bond investors
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Sukuk goes straight to final spread to avoid volatility
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New issue premium is in line with pre-tariff euro sovereign deals in CEE
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Deal seen as vote of confidence in UAE real estate
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The company is aiming for at least $500m
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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