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Meanwhile, Gulf borrowers head private as Iran war volatility keeps public flow thin
◆ Gulf issuers turn to private markets ◆ Public sector and corporate borrowers to bring forward plans ◆ Banks re-enter covered and unsecured funding markets
Easter holidays and Middle East volatility subdued regular private placement activity though Gulf states step up private funding
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World Bank has raised funds in Nigerian naira for the first time since March 2014. The one year clip comes in spite of rumbles of a potential currency devaluation.
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Emerging market currencies appear to be back in fashion with medium term note investors this week, after supply had weakened in early February from a strong January start.
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The Chartered Community of Navarre made a rare appearance in the bond market through Santander on February 11.
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A rally in Japanese equity prices on Monday led to a friendlier tone in public bond markets than has been seen in recent weeks. Medium term note bankers fear that will shift attention away from their market.
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Some medium term note investors believe the Mexican peso may now be undervalued, a pair of deals in the currency suggested this week.
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Medium term note investors believe the Mexican peso may be undervalued, as they took punts with a series of deals in the currency.