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Economic damage from the Middle East war will last for months, if not longer
Central banks in the region have stepped in with support and lenders are thought unlikely to let sub debt extend
African issuers are dominating CEEMEA issuance
Data
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Wednesday’s Siemens Healthineers selldown was multiple times oversubscribed
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The spread over the sovereign could be as little as 10bp-15bp
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Limiting the trade to $500m meant the issuer could get inside fair value
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The country plans to issue more in 2025 than the past few years, doing half the target on Tuesday
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Damac boosted the size to $750m from earlier guidance of $600m
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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