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A double digit premium to the dollar curve lured in overseas buyers, who took a 'large chunk' of the bonds
Investors have lots of cash and are eager for new issuance
Investors are keen for new bonds and better rated borrowers may not want to issue in numbers
Data
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Recently departed banker to resurface in Asia
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Investors were impressed with how the region's issuers have dealt with the crisis
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Book coverage ratio was in the same area as Gulf banks' pre-Iran war euro issuance
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Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
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PKO is the fourth Polish bank to debut in the tier two market in the last year
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Like another Gulf AT1 last week, this trade may not say much about international interest in the region's issuance
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