GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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◆ Largest deal and book sizes ◆ Strong demand for German SSAs ◆ Fairly priced after 2bp tightening
◆ Issuers brave Middle East war uncertainty ◆ CAF gets another big book ◆ IFC, JBIC return to fixed rate dollars
◆ Deal much more popular than issuer’s last ◆ Better tone, improved backdrop ◆ Extra 3bp ‘made a big difference’
SSA
EU’s second half funding announcement imminent, downside risk highlighted
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