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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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Leads also looking to Armenia for a pricing comparable -
Kazakh issuers have been busy in international bond markets this year
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The lender has only printed AT1 in the dollar market during the last few years
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International issuers look to Swissies for diversification, even if costs are higher
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Peace agreement will be needed to restore normal enthusiasm
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Higher dollar yields dampen some of the callable demand
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Sponsored by European Investment Bank
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