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◆ Middle East capital securities will need to be refinanced ◆ Supranationals, agencies and municipalities have had a good war ◆ New ideas to promote covered bonds
Economic damage from the Middle East war will last for months, if not longer
Central banks in the region have stepped in with support and lenders are thought unlikely to let sub debt extend
Data
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Borrower monitoring market windows ahead of novel European sovereign sustainability-linked bond
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More Gulf banks, outside Saudi Arabia, are preparing subordinated bond issues this month
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Bank has raised DCM team leaders after round of departures
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Fair value might in the low 200bp area over swaps
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New issue premium estimates at initial pricing ranged from 35bp to 55bp
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The market is calm, said bankers and investors
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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