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The trade is the first from a 'mid-tier' Uzbek lender
The dollar market is offering cheaper funding at the shorter end
Victoria Power Network makes first appearance in the currency
Data
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Sentiment improving but issuers on pause until January
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Up to seven potential tranches will be priced on Thursday
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Investors want to lock in high coupons while they can and issuers hope for lower costs
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The IPO syndicate, which features what is believed to be the first ever stabilisation mechanism in the UAE, has been rejigged
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Juicy initial pricing lured investors but demand stayed strong even after tightening
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‘Stars align’ for issuers to return to bonds amid optimism that the US Fed may be done with rate hikes for now
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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