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Emerging Markets

Dealers wait for sun to shine on corporate sector

Corporate MTNs are a rare delicacy for investors. After taking advantage of tight spreads in the wake of the financial crisis, many corporate treasurers are sitting atop large piles of cash, meaning new issuance is down and a handful of regular issuers is dominating the market. Will Caiger-Smith asks whether the future looks any brighter for corporate MTNs.

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