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Deal's concession came to just a few basis points
The country is one of the most vulnerable in EM to energy price shocks
Demand allowed the pan-African bank to tighten the yield by 50bp
Data
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Concession estimates were in a wide range but Serbia may even have offered no new issue premium -
Issuer started around 40bp wider than a fellow Israeli bank, said an off-deal banker
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Turkey's economic woes have subdued its IPO market for years
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Balkan sovereign readying multiple tranches after latest CEE deal more than 4.6 times subscribed
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GCC issuance has been limited to FAB and Saudi Arabia but is expected to pick up
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Tangelo, the issuer formerly known as Mexarrend and Docuformas, will not make coupon payment on January 24
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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
