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The bank tightened a little more than a UAE peer did on Tuesday
The euro tranche is a refi of a bond maturing later in September
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
Data
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Rouble option could prevent CDS trigger -
Ukraine paid a bond coupon on Tuesday but Russia is taking steps to stop repaying foreign investors
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Some bonds climb on low liquidity but uncertainty high
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Russian members are also suspended from participation in ICMA working groups
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Market would bear no grudge if Ukraine decided to withhold upcoming coupon payment
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A moratorium on debt payments would hurt Western lenders and investors but also Russia's long term market reputation
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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
