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This is the second RMBS deal from the PIF-backed issuer
Hungary's change of government is still drawing in investors despite a difficult summer
Issuance from Turkey aside from the sovereign is down year-on-year, but not by much
Data
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Western lenders had planned to stand by Russia until the invasion of Ukraine in February
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The highly rated supranational is more price-sensitive than the standard LatAm issuer
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A successful print for Development Bank of Kazakhstan could encourage more CIS issuers
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The debutant already has orders for nearly half the $300m target
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Proceeds from any new bond will be used for the tender offer on the parent company's 2026s
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