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As war drags on, banks are boosting hoards of cash after deposit outflows
Just getting a deal done should be considered a success
Deals in the past fortnight have been solid but US Treasury yields are volatile and rising
Data
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Placement 3.7 times subscribed, weeks after regulator halted unauthorised marketing of a purported public offer
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Cracks emerge in underlying quality as banks appear to teeter further into cautiousness
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Issuer has set the stage for peers to return to public market
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The sovereign priced inside paper of similar maturity from Brazil and Colombia
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Higher coupons and steady rate expectations draw investors back into the currency
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The trade may persuade other top-tier GCC sovereigns that the public market is open
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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