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  • CEE
    Türkiye Cumhuriyeti Ziraat Bankasi (Ziraat Bank) was back in the private MTN market for euros this week, just a few days after its first issue in the currency.
  • Corporate borrowers ran into difficulties issuing long dated euro bonds this week, as investors shied away from volatility in the long end of the euro rates curve, writes Nathan Collins. McDonald's and Michelin both tried and failed to issue long tranches.
  • KfW has more than doubled the original target for its debut Kauri bond. Investors piled into the long awaited deal, which came just days after German peer L-Bank placed its inaugural bond in the format.
  • Bank Dhofar this week offered investors the longest tenor available from Oman’s banking sector but a tier one structure and lack of clear comparables was a recipe for disagreement over fair value.
  • The European Commission has launched a public consultation into how well the European Market Infrastructure Regulation has been implemented.
  • Fears that falling oil prices would hit Middle East bond market liquidity this year have not — as yet — been realised. The region’s investors are still cash rich and asking for paper. Bank Dhofar, Dubai Islamic Bank and Bank of Sharjah are among the names answering the call, with no sign that oil prices and macro worries have touched the region’s perennial appetite for fresh supply.
  • SSA
    A Spanish agency is considering entering what has been a tricky euro market — in which the Spanish sovereign suffered a yield hike at auction on Thursday.
  • Eurofima has sold its first dollar benchmark in five years, raising $1bn from a book of over $1.3bn with a May 2020 deal.
  • GlobalCapital presents its annual MTN Awards 2015. These Awards are determined entirely by a poll of market participants, and celebrate the outstanding issuers and investment banks in the MTN market between May 2014 and April 2015. GlobalCapital congratulates all the winners and nominees.
  • The dollar market hosted benchmark covered bond issuance this week as Australia and New Zealand Bank and DNB Boligkreditt issued deals under 144A documentation, in the same size and tenor and at the same spread.
  • While turbulence struck the euro market this week, issuers in sterling had an easier time of it with three companies putting together solid deals in the currency.
  • CEE
    The Republic of Albania has mandated Deutsche Bank and JP Morgan for a euro denominated bond intended to refinance the country’s outstanding €300m 2015s.