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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

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  • As financial institutions across asset classes raised gender-themed funding this week, Colombia’s vice-president Marta Lucía Ramirez took International Women’s Day as a chance to hail the potential of the sovereign using bond markets to fund its gender equality initiatives.
  • Rating: A3/A+/A-
  • Rating: Ba3/B+/BB-
  • Hundreds of things happened this week in sustainable finance. That’s normal now — it’s become a fizzing, global market which is ever-present. Anyone who predicted, say, four years ago that sustainable finance would take over the whole capital market probably feels the outcome has exceeded their expectations.
  • CEE
    Turkey's international bond market access is once again in question. Rising US Treasury yields have put affordable dollar funding beyond the sovereign for now, bankers believe, undoing the good done by a move back to orthodox monetary policy late last year, after months of inflation and a plunging lira. A rate hike next week may help restore issuance prospects, writes Mariam Meskin.
  • CEE
    A flurry of Swiss franc issuance dusted the market this week, as domestic and foreign borrowers entered a more settled market.