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Emerging MarketsEM LatAm

Cabei ignores EM woes in Swiss return

The Central American Bank for Economic Integration (Cabei) defied a sell-off of emerging market debt on Tuesday to price a curve extending Swiss franc note. The issuer’s strong reputation among Swiss investors allowed it to hit its maximum size target at a modest new issue premium, despite other Latin American credits suffering widening spreads since January 24.

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