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EM bonds get stuck amid investor wariness

The EM primary bond market is stuck in the mud as the sell-off in that sector has continued this week. A lead manager on the Namibia sovereign deal, which completed its roadshow on Monday, says that the note will not be priced this week despite investor interest in the credit, as the market is not conducive to a successful transaction and buyers have become wary of brief market windows. Barclays Capital and Standard Bank are leading the deal.

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