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Premium to dollars could be between flat and 10bp, said leads
The UAE bank capped the deal size at $500m, gaining some leverage over pricing
The bank's regular appearances in primary markets stopped after Russia invaded Ukraine
Data
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Only a few issuers had to pay any NIP, and none were in double digits -
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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The trade was a little smaller than last year's debut, but has another social label
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A sovereign issuing bonds after US military strike threats would be absurd if those threats had been made by any other president
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More than $11bn of issuance this week means volumes approaching $300bn for the first time
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
