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Emerging MarketsEM LatAm

Bondholders delight as CSN takes out chunk of debt

CSN, Rio de Janeiro, Brazil, steel, LatAm

Investors in steel producer Companhia Siderúrgica Nacional appear to care far more about the company’s ability to push out $1bn of imminent debt maturities than pricing intricacies. The Brazilian issuer had a far better time in primary markets on Wednesday than on its last outing.

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