Top section
Top section
Demand well above expectations, given books opened on an FOMC rate decision day
Some price discovery needed due to sukuk format and long tenor
As with other private placements from Africa, observers have questioned the merits of the format
Data
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Poland's second biggest lender tightened pricing by more than 30bp
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The sovereign raised almost $565m on its first Japanese outing in a decade
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The trade was priced at a marginally tighter spread than a recent Gulf bank trade
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Turkish bank adds over a dozen new lenders in large deal
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ADIB likely to be used as main comparable
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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