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New issue premiums in recent weeks were lower compared to the highs after the Iran-US conflict began
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
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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.
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The Republic of Lebanon has launched its annual dollar Eurobond and accompanying exchange offer, aiming to switch holders of a 2016 note into new 2024 or 2028 notes.
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Portugal’s secondary spreads widened through the week as uncertainty grew over the makeup of its next government — but the country was among those benefiting on Thursday after a dovish European Central Bank press conference.
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The UK Debt Management Office built its largest ever order book for a syndicated bond on Tuesday, but bankers away from the deal felt it was the trade’s timing that was particularly impressive.