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Some of last week's sovereign trades suffering on secondary
Meanwhile, LatAm sovereign announces mandate for a multi-tranche deal that could come next week
Sovereign closed 'remarkable' deal despite US Treasury pricing drama
Data
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Kazakh issuers have been busy in international bond markets this year
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The lender has only printed AT1 in the dollar market during the last few years
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International issuers look to Swissies for diversification, even if costs are higher
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Peace agreement will be needed to restore normal enthusiasm
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Higher dollar yields dampen some of the callable demand
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There is an aggressive hunt for yield by issuance-starved investors in the Gulf
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