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In 2022, the Kazakh railway company aborted plans to issue in dollars
The bank is offering over 100bp of premium to the Kazakh sovereign
Data
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The electricity firm is familiar to buyers, despite being a rare issuer -
The trade might not be the sovereign's only one of the year
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Years of credit improvements have given landlocked country a loyal following among EM investors
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The countries' euro curves trade at similar levels, but Benin will have to come wider in dollars
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The issuers are diverse and will not cannibalise demand, said one banker
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The country rarely issues more than one public bond a year
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