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In 2022, the Kazakh railway company aborted plans to issue in dollars
The bank is offering over 100bp of premium to the Kazakh sovereign
Data
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The bank paid only a slim concession, if any
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CEE issuers are having to offer more due to lower liquidity than developed market peers
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Concessions have risen slightly but it is not stopping CEE issuers from printing
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Turkish borrowers are forming a queue to issue, said one banker
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