The bank said it still expected risks to fade through the course of the year as economically damaging measures by the US administration would be unlikely and Russian assets were taking on excess risk premium to reflect that.
While we still hold this base case, morphing risks recently suggest that the overhang could last longer than we originally expected, giving no clear window for a structural repricing of Russian assets.
The yield was tightened from initial guidance of around 5.875% after orders topped $1.35 billion, the document from one of the banks on the deal showed.
Sources told Reuters earlier this month that Arabian Centres, which operates 21 shopping centres across Saudi Arabia, was planning to raise $500 million via sukuk.
China's debt is already increasingly popular with global investors, attracted by its yield and its relative insulation from movements in other bond markets.
Egypt, which was removed from the index in the aftermath of a 2011 uprising, has been working for more than two years to be relisted. It is expected to be included in the second half of 2021.
Egypt has a combined nominal $28.2 billion in eligible bonds that mature in more than 2.5 years, the minimum amount for inclusion in the index, Mandimika said.
"This is by default negative for the other railroads, including Canadian National which faces a longer haul competitor into the Gulf Coast and Midwest," J.P.Morgan analyst Brian Ossenbeck said in a research note.
Shares of Canadian Pacific fell about 3%, while those of rivals Canadian National and Union Pacific dropped 2% and 3%, respectively.
JPMorgan would take a 10 percent stake in CMB Wealth Management as a strategic investor while the Shenzhen-based lender will retain a 90 percent stake, it said in a filing with the Shanghai stock exchange.
The investment would deepen the cooperation between the bank and the strategic investor and is good for CMB Wealth Management to enhance its internal governance.
The coronavirus pandemic has accelerated their use of technologies such as cloud and AI, as more of customers have needed to access their services remotely, and employees have been working from home.
Wall Street banks Citigroup and JPMorgan were the latest to predict Turkey would raise interest rates next week to stabilize the currency and address inflation, which rose above 15% last month.
Citi and JPMorgan said they expect a tightening of 50-100 basis points and 100 basis points respectively.
It gave initial price guidance of around 4.75% for the bonds, which are expected to launch later on Wednesday, said the sources, who declined to be identified as they are not authorised to speak to media.
