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Belgium and two European agencies also mandated, even as the US and Iran failed to reach a peace deal
‘Whole curve open’ for SSA issuers but seven year point stands out as ‘interesting’ spot amid euro curve shape shift
Estonian sovereign outing its first under local law
◆ Sovereign serves up first 30 year SSA deal in two months ◆ Cost-sensitive issuer opts for limited size ◆ Very small NIP, even by German standards
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Republic of Cyprus completed a rare combined syndication and switch offer on Tuesday with 40% of the new issue going to existing bond holders.
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Peru opened books on its first euro transaction in over a decade on Tuesday morning, while other Latin American sovereigns are eyeing deals in the currency.
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The Province of British Columbia (BC) is mulling a debut Panda bond, which would set another record for the province as the first foreign government issuer in China's onshore bond market. However, to go ahead BC will need the Chinese regulator to allow sovereigns into the recently reopened Panda bond market.
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The Democratic Socialist Republic of Sri Lanka is out in the dollar bond market for the second time this year, marketing a new deal on Tuesday. The country has opted for the same format, tenor as the previous deal via the same banks.
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Republic of Cyprus is on track to price a rare combined syndication and switch offer. The deal will allow Cyprus to tidy up the short end of its curve while issuing a fresh 10 year note.
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Namibia knocked out a $750m 10 year note on Thursday, pricing only its second ever Eurobond with a single digit premium, according to bankers on the deal.