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Emerging Markets

Euro SSAs plan ahead for a more peaceful 2013

What a difference a year makes. At the end of 2011, uncertainty over the European debt crisis was such that even for some of the best regarded supranationals and agencies, 2012 was expected to be the toughest year in living memory. In the event, borrowers were able to complete their funding programmes, and in many cases to pre-fund for 2013, at increasingly competitive price levels.

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