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◆ Gulf private placements bite back ◆ Bond new issue premiums rise ◆ CLOs catch a break
Business has sagged in the third quarter, but the pipeline is busy, despite an intractable war
Private bonds are now being offered in the open market wider than where public deals trade
Data
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The country has become more attractive for investors since last year’s election
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Sovereign first mover in Asia for dollar bonds but has to navigate sour sentiment and widening secondary market
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SBI’s deal is once again doubled due to oversubscription
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Country is dialling down bond market activity
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Any new issue premium estimate is tricky because of a bigger than usual secondary adjustment
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Sovereign draws in new investors as it raises $7.5bn to fund growing deficit
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