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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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More Gulf issuers readying deals for after Eid
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Cheaper funding options elsewhere earn property firm a break from the bond market
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Huge books allow sale to price through curve, but bankers do not expect other deals to repeat issuer’s strategy
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The book passed over $1bn and included international accounts as well as the usual Islamic buyers
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CEEMEA corporate issuers have been mostly absent from the primary market this year and last
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