EM buyers drive Paraguayan zero coupon trade

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EM buyers drive Paraguayan zero coupon trade

Paraguay, road, bioceanico, LatAm
mirsad - stock.adobe.com

Paraguay tapped bond investors on Thursday to finance its portion of the transcontinental road, raising $732.3m of amortising notes with an average life of 8.9 years and using a zero coupon structure to reflect project payment flows.

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