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Uzbek bank's deal is the first deal from the country in 2026
The lender started investor meetings late in April
Books were more than five times the deal size, which was capped
Data
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Views vary on the exact new issue premium the emirate paid -
Leads say guidance started flat to sovereign for new dollar deal
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EM dedicated investors will only buy if they have to, but GCC funds are flocking to UAE
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Cancelling dollar tranche seen as ‘inelegant’ but investors say more peso debt is encouraging
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Issuance has picked up and US data is encouraging, but demand is brittle
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Appetite is reviving for emerging market debt, but it must be handled with great care
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
