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International issuers look to Swissies for diversification, even if costs are higher
Peace agreement will be needed to restore normal enthusiasm
Higher dollar yields dampen some of the callable demand
Data
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The sovereign had to move fast to beat the release of US economic data
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Observers have questioned why the country is issuing debt at this price
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Two senior investment bankers have resigned from SMBC, one headed to BBVA
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The sovereign is ramping up overseas issuance, plans to branch out into new currencies
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Premium to dollars was in the high single digits, said a lead
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The UAE bank capped the deal size at $500m, gaining some leverage over pricing
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