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EM CEEMEA CREDIT: MNI EM Credit Market Wrap - CEEMEA (11 Mar)

EM CEEMEA CREDIT
MNI EM Credit Market Wrap - CEEMEA (11 Mar)
  • A more stable day today following a volatile session yesterday. US 10Y +5bp 4.26% and 5s/10 flat at 24.5. Two new deals in the primary market today. Bank Gospodarstwa Krajowego launched EUR BM 5Y and 12Y bonds with IPT’s of MS+120bp and MS+190bp and guidance of MS+95bp and MS+175bp. We had FV of Z+85bp and Z+160bp. Islamic development bank also launched USD BM 5Y sukuk, with IPT of MS+56bp, guidance of MS+55bp and we had FV of Z+52bp. Seplat tendered for their 7.75% 26 bonds and commenced an offering for a 5Y USD bond. ARAGVI also tapped their 11% Nov29 bonds.

     

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MNI EM Credit Market Wrap - CEEMEA (11 Mar)
  • A more stable day today following a volatile session yesterday. US 10Y +5bp 4.26% and 5s/10 flat at 24.5. Two new deals in the primary market today. Bank Gospodarstwa Krajowego launched EUR BM 5Y and 12Y bonds with IPT’s of MS+120bp and MS+190bp and guidance of MS+95bp and MS+175bp. We had FV of Z+85bp and Z+160bp. Islamic development bank also launched USD BM 5Y sukuk, with IPT of MS+56bp, guidance of MS+55bp and we had FV of Z+52bp. Seplat tendered for their 7.75% 26 bonds and commenced an offering for a 5Y USD bond. ARAGVI also tapped their 11% Nov29 bonds.

     

Keep reading...Show less