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Book coverage ratios have also risen as sentiment improves in CEEMEA bond market
◆ Venezuela embarks on historic debt restructuring ◆ Canada suggests covered bond boost ◆ European Secured Notes are here. Regulate them
It is not clear what needs to be restructured, and the coming debt analysis may lack credibility
Data
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The new issue premium was around 5bp area
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Deal is only fourth accelerated sale in a quiet year for Saudi blocks
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Market is particularly interesting for banks doing capital trades
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Company has offered the highest yields on Saudi Arabian new issues in the last few years
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Investors welcome country's efforts to reduce bulging debt burden, but there is nagging worry
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Books were still healthy even after plenty of dropouts
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