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◆ Outsiders open EM investors’ wallets ◆ European banks let their hair down in dollar market, still shy in euros ◆ Digital innovation in Frankfurt with DZ Bank
Issuer ends five year primary market hiatus with five year deal
Higher prices and concessions mean many issuers will wait for better days
Data
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Volatility could be ahead, warned one fund manager
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Book shrank by $700m after the issuer squeezed spread
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Sovereign may need to issue before long
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Oversubscription rate has fallen from last autumn, but concessions have shrunk
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Deal could raise $900m, more Gulf sell-downs are expected
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Banks are taking back control after Covid
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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