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Debut deal had club-style execution amid volatile markets and sector headwinds
Power purchase agreements and related revenue will back novel warehouse deal
Markets may not be shut for too long, and African sovereigns have managed debt well
Sovereign pays at least 25bp of concession but points to healthy demand after broader spread widening
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Most of IPO is new capital for social infrastructure investments and to improve financial health -
Variation over fair value calculations but deal still performs
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State-owned UK social housing lender rises above sector’s worries
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The well-flagged deal will 'fly', said one observer
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The bank’s initial target was $100m
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One bondholder said he was confident others would accept terms of consent solicitation launched on Tuesday
