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The lender has only printed AT1 in the dollar market during the last few years
International issuers look to Swissies for diversification, even if costs are higher
Peace agreement will be needed to restore normal enthusiasm
Data
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The tenor may be 'unusual' but the sovereign did not 'have much choice'
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Trade will test investor appetite for longer dated bonds, said one banker
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Saudi Arabia is the only other Gulf sovereign to have raised in euros
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The energy firm hopes to issue new vanilla bonds in the near future
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Original note has traded well since launch in February
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Hung parliament seen as best outcome for bond issuers, even if swing to left was unexpected
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