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PKO is the fourth Polish bank to debut in the tier two market in the last year
Like another Gulf AT1 last week, this trade may not say much about international interest in the region's issuance
Data
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Deal liberates capital and tempts investors to take new frontier market risk -
Deal's concession came to just a few basis points
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The country is one of the most vulnerable in EM to energy price shocks
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Demand allowed the pan-African bank to tighten the yield by 50bp
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Uzbek bank's deal is the first deal from the country in 2026
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The lender started investor meetings late in April
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
