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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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East African sovereign could print $1bn-$1.5bn, depending on demand for the tender -
Equity capital will be needed and treasurers will have to plan funding carefully
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Issuance volumes net positive for first time in years
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£900m equity raise plans come as Southern tries to save its investment grade rating
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The dollar order book more than halved as the issuer cut the yield on offer
