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Emerging MarketsEM LatAm

Fibria, Caixa blowouts beat Brazil worries

Brazil

Concerns over Brazilian economic growth are apparently not strong enough to prevent issuers from the country making the most of bond investors’ desperate search for yield. First Caixa Econômica Federal and then Fibria Celulose issued tightly-priced, well oversubscribed deals at a larger than originally indicated size this week.

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