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Uzbek bank's deal is the first deal from the country in 2026
The lender started investor meetings late in April
Books were more than five times the deal size, which was capped
Data
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Orderbooks have bulged since the Fed rate cut and new issue premiums are minimal — if they exist at all
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Sukuk from Western issuers are very rare
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Uzbek bank eyes bigger, brighter future in capital markets
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Supranational navigates a tough market to take target size with SAB at an attractive level
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It priced a little wider than fellow sovereign wealth fund Mubadala this time
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Demand was nearly eight times the deal size
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