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Emerging Markets

Search for spread works well for soft core issuers

Sovereigns just outside Europe’s core and issuers with indirect government guarantees were very popular in 2012 as investors looked for high quality credits that still could offer some spread over the ultra-tight levels paid by Washington supranationals and Europe’s core. Tessa Wilkie reports on how these issuers will capitalise on this popularity in 2013.

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