Mashreq kicks off subordinated market with record-tight AT1
Books swelled to USD 2.1 bn at peak demand
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Books swelled to USD 2.1 bn at peak demand
Plus: Emirates Mars Mission has been extended
The paper, rated Aa3/AA-/AA-, carries a 4.7% yield
Plus: MSCI rebalancing sees 2PointZero dropped, Air Arabia upgraded, and more
The issuance was 4.4x oversubscribed
Stronger, export-focused companies are starting to borrow more cheaply than their governments, reshaping how investors price emerging-market risk
Plus: Germany looks to our neck of the woods for energy diversification efforts
FAB’s Formosa bonds kept their initial price guidance of 75 basis points over the secured overnight financing rate
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