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A trade from Africa could come this week
New facility smaller than the original but 20% larger than the launch amount
Foreign issuers tap market for price and diversification
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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
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Books were nearly four times the deal size, a record €1bn
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Five year bond set to be priced much tighter than the development bank's last senior issue
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Borrowing costs for Gulf issuers are already falling since Sunday's announcement
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
