EM leaders break away in two tier market
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EM leaders break away in two tier market

Emerging market bond funds have enjoyed strong inflows in 2012 creating ideal conditions for issuance. But while the sovereign, agency and corporate EM sectors have revelled in demand, not all financial institutions have been so lucky. Francesca Young reports on a two tier bond market — and how it’s changing EM capital markets. With profiles of VTB and Banco do Brasil.

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