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Sovereign curve has rallied since Orban left after 16 years in power, but Hungary is in a fiscal hole
Demand hefty, despite being Pekao's second tier two in less than a year
Tight spreads keep Middle East borrowers in bond market, and away from loans
Data
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The bank was offering about 30bp and 50bp over the sovereign
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Rare borrowers Burjeel Holdings and Avilease also marketing deals
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◆ Iran peace deal in sight but where are the Middle East issuers? ◆ Why primary capital markets will be slow adopters of DLT ◆ Why French covered bond issuance has slowed and why it might pick up
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Recently departed banker to resurface in Asia
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Investors were impressed with how the region's issuers have dealt with the crisis
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Book coverage ratio was in the same area as Gulf banks' pre-Iran war euro issuance
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