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International investors take most of the book for the first time as Zabłocki's investment firm says it expects to make no further sales
Despite rough market conditions and angst over rates, array of deals have been well taken
It is difficult to see issuance conditions growing much better in the foreseeable future
Data
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Like many senior sukuk from the Gulf, local investors will drive demand -
Order books are more concentrated than before the war, said a banker involved
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EM debt investors had largely expected a debt treatment would be required
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US Treasury yields have jumped in the past week
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Kevin Warsh's speech at Jackson Hole has pushed up borrowing costs for dollar issuers
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◆ Three year creates another point on curve ◆ €750m was target, Leumi’s deputy CEO said ◆ Strong market reopening after summer lull gave confidence
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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
