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Secondary market selling of private bonds may be wreaking havoc with the primary market for public debt but the trades were still the right thing to do
Sovereign's $3bn deal tightens well as Asian demand returns
The sovereign's public and private bonds of similar maturities are trading over 25bp apart
Data
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There is still a pipeline of issuance from the country
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The US bank is reshuffling several roles in the Middle East
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New issue premium was zero, agreed those on and off the deal
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Observers wanted 30% of allocations to go overseas, but ENBD fell a little short
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Investors are getting plenty of state owned issuance from Kazakhstan this month
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