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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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Some market participants remain unsure of the sovereign’s strategy -
Gonzalo Álvarez-Cañedo will relocate to New York to take top job
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IDB-guaranteed facility will help fund tender offer for some of country’s international bonds
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Fitch cuts state-owned oil co due to ‘inadequate’ cash position
