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Japanese government bond yields have risen during the last few months
Attractive pricing versus dollars luring GCC borrowers back to the single currency
The seven year dollar bond's yield will likely be one of the highest in CEEMEA in the last few years
Data
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Recent sluggishness experienced by a Saudi AT1 is unlikely to be repeated for KFH's deal
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A $300m replacement size is needed, but the issuer may go slightly larger
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The US shutdown has not stopped deals, but its end may make primary even better
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Only a few issuers had to pay any NIP, and none were in double digits
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Despite the rise in dollar funding, local markets still provide the bulk of sovereign's borrowing
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The yield was one of the highest for a sovereign dollar bond this century
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