100 year sterling for Mexico as LatAm shoulders EM supply
Latin America bolstered meagre emerging market issuance this week, ignoring persistent fears about fallout from Ukraine. Petrobras pulled off an impressive $8.5bn six tranche bond and Mexico is in the market with a rare 100 year sterling deal. But Sunday's planned referendum on Crimea joining Russia is weighing on risk appetite, and could quash any potential pipeline.
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