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Emerging MarketsEM CEE

Gazprom prints €1bn but delayed sell-off, volatility to blight EM

Gazprom 230x150

The EM primary bond market took just one day to digest Donald Trump’s unexpected ascent to the US presidency before new issuance resumed with a Gazprom bond. But uncertainty about what Trump will actually do could lead to volatile markets, increasing the cost of any issuance.

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