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Deal is first in format from an EM sovereign since 2023
Sale is largest block trade in close to two months
Senegal bonds are trading at distressed levels and there is a risk of restructuring
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A banker away from the Kazakhstani bank's deal expected it to go well
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Shorter tranche far more popular
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There was no new issue premium when the $1.75bn dollar bond priced on Tuesday
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The country has a 'big following' from investors
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Issuer's rarity meant its deal would be in high demand from investors, said one fund manager
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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