EM corporate pair endure bumpy ride in primary market

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EM corporate pair endure bumpy ride in primary market

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J2MT0M German road sign: bumpy road | Alamy Stock Photo

Nordgold and Veon Holdings both printed bonds on Wednesday. But a difficult market backdrop forced Veon to print at a smaller size than expected and at a wide end of revised guidance. The execution of Nordgold’s bond seemed smoother, but investors said it was struggling to stay above reoffer on Thursday morning.

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