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Market participants have highlighted drop in Uzbek bond volumes this year
In Europe loans are the key to opening ancillary business while in the Middle East relationships should cap premiums
Uzbek issuance has fallen to near zero after a busy few years
Data
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Euros has overtaken dollars as the biggest share of the country's hard currency debt -
Scarcity is making Balkan sovereign bonds popular with investors
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Mexico paid a similar new issue premium for its $9bn deal last week
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CEEMEA market enjoyed a monster week of issuance in January's first four trading days
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Ardshinbank will likely offer a similar premium to its sovereign as Uzbek banks
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