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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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Sovereign left little, if anything, on the table for investors -
The sovereign had to move fast to beat the release of US economic data
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Observers have questioned why the country is issuing debt at this price
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Two senior investment bankers have resigned from SMBC, one headed to BBVA
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The sovereign is ramping up overseas issuance, plans to branch out into new currencies
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Premium to dollars was in the high single digits, said a lead
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
