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Top section
The sovereign priced inside paper of similar maturity from Brazil and Colombia
Higher coupons and steady rate expectations draw investors back into the currency
The trade may persuade other top-tier GCC sovereigns that the public market is open
Data
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Deal is first in format from an EM sovereign since 2023
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Sale is largest block trade in close to two months
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Senegal bonds are trading at distressed levels and there is a risk of restructuring
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Hungary could raise close to €600m
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The reaction was so benign that a small bank printed an AT1 this week
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Sub-sections
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa