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A double digit premium to the dollar curve lured in overseas buyers, who took a 'large chunk' of the bonds
Investors have lots of cash and are eager for new issuance
Investors are keen for new bonds and better rated borrowers may not want to issue in numbers
Data
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Some market participants remain unsure of the sovereign’s strategy
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Hopes grow of more life in primary market
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Ruling family offers 8.75% for sukuk
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The Republic of Bulgaria has tightened pricing on both tranches of its dual tranche Reg S only bond with combined books standing at over €3.8bn.
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Gonzalo Álvarez-Cañedo will relocate to New York to take top job
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IDB-guaranteed facility will help fund tender offer for some of country’s international bonds
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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