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The bank is offering over 100bp of premium to the Kazakh sovereign
The bank is the largest in the country and a close proxy for investors to the government
Data
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Semiconductor equipment firm pounces after raising profit guidance -
Record deals from across region even as Gulf borrowers extend public market hiatus
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Meanwhile, Gulf borrowers head private as Iran war volatility keeps public flow thin
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Sovereign praised for move to secure funding after volatility
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Books for the jumbo €5bn deal were more than three times subscribed
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The spread to the sovereign was well over 100bp at initial pricing
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