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PKO is the fourth Polish bank to debut in the tier two market in the last year
Like another Gulf AT1 last week, this trade may not say much about international interest in the region's issuance
Data
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Large deal size one of a number of reasons borrower offers new issue premium
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Deal received ‘substantial’ interest from both local and international investors
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Books were nearly double the $300m deal size
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Serbia sovereign moved into investment grade rating territory earlier in October
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