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The trade is the first from a 'mid-tier' Uzbek lender
The dollar market is offering cheaper funding at the shorter end
Victoria Power Network makes first appearance in the currency
Data
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Central bank measure credited with cutting spreads by increasing local demand
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A second consecutive lower than expected US inflation reading supports the recent EM bond rally
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Debt markets have come to accept political instability in the country
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Investors hope to see more signs US inflation is slowing
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Ahmed Kouchouk, Egypt's deputy finance minister, talks up the country's soon-to-be-signed off IMF loan while outlining a novel Panda bond structure and the need to be constantly sourcing new pockets of investor liquidity
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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