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EM debt investors had largely expected a debt treatment would be required
Undisclosed institutional shareholder sells stake in Wednesday evening ABB
The country is unlikely to issue new dollar bonds in the near future despite a big rally in yields
Underwriting left unused after deal is 33% oversubscribed
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Bankers expressed astonishment this week at the bounty of deals stacking up in the emerging market bond pipeline.
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Morgan Stanley, BNP Paribas and Merrill Lynch brought Egypt's first public securitisation this week on behalf of state owned Egyptian General Petroleum Corp.