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Emerging Markets

Cades changes the tune

Cades faced a challenge in 2011 to keep pace with a funding requirement that had tripled year-on-year even amid a worsening financial crisis. By playing to its strengths in its core markets and seeking out investors in new ones — most clearly with its debut Reg S/144A transaction — it is mission accomplished, so far. Stefania Palma reports on the issuance strategies it has deployed.

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