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The loan is the largest underwritten by banks in Albania
About 30% of the deal expected to go abroad as other EM discount retailers will serve as comps
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Hefty tightening fails to dampen demand as dual-tranche green deal trades up in grey
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Romania seeks to capitalise on the success of Hidroelectrica’s IPO last year
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Saudi Arabia’s wealth fund only paid around 5bp over the sovereign’s curve
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Other similarly rated sovereigns have issued with no new issue premium this year
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Demand topped $4bn by midday UK time on Wednesday
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The IPO will be priced at Sr48 a share, the top of the initial range
Sub-sections
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa