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Investors hope a new government can sort out country's fiscal mess
The company left plenty of new issue premium on the table
Deals across several tenors on the same day are becoming more common in 2026
Data
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About 30% of the deal expected to go abroad as other EM discount retailers will serve as comps -
Execution impresses as sovereign found itself in sub-par market conditions
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The CEE sovereign's seven year priced tighter than any from its peers this year
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The Abu Dhabi Pension Fund, Bahrain's sovereign wealth fund, Emirates International Investment and the Oman Investment Authority have promised to buy shares, with more long-only accounts in the book as anchors
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New role was created by reorganisation in spring
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Changes follow arrivals of Raghavan and Mangla from JP Morgan
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
