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Demand hefty, despite being Pekao's second tier two in less than a year
Tight spreads keep Middle East borrowers in bond market, and away from loans
Kazakh bank doubles the tenor to two years compared to previous deals
Data
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Years of credit improvements have given landlocked country a loyal following among EM investors -
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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Previous changes of the central bank's governor were unwelcome, but the market was steady on Monday
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◆ The first of a new asset class in SSA debt ◆ Full inspection of AfDB's landmark deal ◆ A power shift in the European CLO market
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
