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Reframing inflation might produce a more palatable number but is not always a great idea
Maxima and České dráhy are prepping euro notes
Data
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Saudi Arabia’s wealth fund only paid around 5bp over the sovereign’s curve
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Other similarly rated sovereigns have issued with no new issue premium this year
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Demand topped $4bn by midday UK time on Wednesday
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The IPO will be priced at Sr48 a share, the top of the initial range
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The sovereign wealth fund has already raised $5bn via conventional bonds this year
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More real estate debt on offer despite waning demand
Sub-sections
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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