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The sovereign is ramping up overseas issuance, plans to branch out into new currencies
Premium to dollars was in the high single digits, said a lead
The UAE bank capped the deal size at $500m, gaining some leverage over pricing
Data
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Both tranches from the rare issuer tighten by 25bp
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Analysts say the short-term risk of Nigeria falling into debt distress is low
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Problems can still spread across the asset class but not as you knew them to
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Latin American multilateral has a funding programme of $5bn-$6bn this year
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The war has made investors more wary of emerging markets, even if Russia’s barring from capital markets is an extreme example of the risks they face
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MDB or national guarantees could help Ukraine issue again
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