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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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The sovereign is borrowing a huge amount to fund its deficit
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Mid-caps in the Gulf approach listings; LuLu in the UAE expected to be next big deal
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Sukuk issuance is very rare outside of the sovereign in Turkey
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It will be a good bet on Turkey's disinflation story, said one analyst
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Overall borrowing will rise again in 2025, although it is expected to drop in foreign currency
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The yen debut ended a record year for overseas bond issuance
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