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Issuers struggle over what concessions investors will require
Issuance in March was never going to be hefty after a record start to the year
Government borrowing costs are rising on local and international markets, and credit ratings are falling
Sovereign also added $300m to a long-dated dollar note
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Without ultralow rates, more EM companies will shy away from international bonds -
Emerging market corporate bonds have rallied, but investors cannot find paper to buy in illiquid market
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Central bank measure credited with cutting spreads by increasing local demand
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Debt markets have come to accept political instability in the country
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Small size divides opinion but default looks unlikely in the short term
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Leasing firm seeks to avoid fate of other Mexican non-bank lenders
