Location
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Demand was near three times the size of the state-owned bank's deal
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Hungary took euros on Wednesday and showed investors have a taste for shorter paper
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Demand for a senior trade from Israel was high on Wednesday
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Oil reforms are needed for debt repayment to restart, but will be difficult to accomplish
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◆ KBN and Quebec among SSA issuers paying no NIP in dollars ◆ Quebec faces 'difficult allocation' after mega demand ◆ CEB also in five year dollars
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◆ 2026's first euro capital trades from insurance companies ◆ Pair attract more than €5bn of orders ◆ Minimal or even negative concession paid
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Sectors shape up as main sources of corporate syndicated lending demand amid renewed geopolitical uncertainty
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◆ Peak demand reaches €11.5bn ◆ Longer call tightened harder than the short tranche ◆ Both tranches priced close to fair value
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◆ Both deal and book sizes break records ◆ 'Normal' pricing approach and NIP paid ◆ Portugal, Italy next up
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Potential for record breaking January
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Israel banks have been absent from international markets since before the war in Gaza