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The sovereign is ramping up overseas issuance, plans to branch out into new currencies
Premium to dollars was in the high single digits, said a lead
The UAE bank capped the deal size at $500m, gaining some leverage over pricing
Data
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Demand for the Turkish bank's deal was about three times the issue size
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The country finished international funding this week with a €2bn trade
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It has added three year loans to the autumn round after bringing them back in the spring
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The company's second trade is very popular with buyers, like its 2024 debut
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Spread has peeped below the 100bp barrier
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Demand was over twice the issue size
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