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June 8, 2018 www.intellinews.com I Page 10
prepping the ground with its first ever Uzbek soum denominated “Samarkand” bond that was issued in May. And Tajikistan also wants to return to the market this year for seconds, following its $500mn issue last year.
Bond issuers in Central Europe were a little more active with a total of seven issues worth an aggre- gate $3bn, but that was still down on last year’s 13 issues worth a total of $8.1bn in the same month.
Amongst the CEE issuers was CPI Property Group, a real estate developer focusing on the German and Central European markets where real estate is booming. The company issued a €500mn perpetual bond with a yield of 4.375%. The government of Latvia also issued a sovereign worth €350mn that matures in 2028 and yields 1.125%.