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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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From humble beginnings, debt-for-nature swaps are now generating meaningful sums of funding
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Hungary and Slovenia jump in for a combined €3.5bn
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Books were over $2.1bn for a $1bn trade
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There was no hesitation in starting issuance this year with subordinated debt
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Sovereign has taken out two-thirds of the year's international funding plan in one swoop
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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