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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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CA CIB has grown market share in France but its strategy requires keeping its global reach -
Even the worst scenario of disorderly change would be a boon
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Oil producers hinder progress, rich countries reluctant to pay
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◆ Issuer's second largest dollar deal ever ◆ Tight spread to US Treasuries ◆ 'Challenging' geopolitical backdrop
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There is no crock of equity gold at the end of the rainbow
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New issue premium estimates ranged from 'minimal' to 35bp
