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Emerging MarketsEM LatAm

Brazilian utility issues but LatAm lights to dim

Rio de Janeiro, Brazil, night, electricity, Light, utility, LatAm, 575

Light, the fifth largest energy distributor in Brazil, issued $600m of five year bonds on Tuesday to wrap up a hectic period of LatAm high yield issuance. But the primary market is likely to take at least a one day pause as recent issues trade softly and the US Federal Open Market Committee (FOMC) concludes a two day meeting on Wednesday.

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