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PKO is the fourth Polish bank to debut in the tier two market in the last year
Like another Gulf AT1 last week, this trade may not say much about international interest in the region's issuance
Data
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The outcome from a fiscal policy perspective is 'binary', said an emerging markets debt investor -
Polish bank beat a peer's recent price by 1bp
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Leads also looking to Armenia for a pricing comparable
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Kazakh issuers have been busy in international bond markets this year
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The lender has only printed AT1 in the dollar market during the last few years
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International issuers look to Swissies for diversification, even if costs are higher
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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
