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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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Terrafort Capital will target LatAm and US institutions -
The region is a long way from Russia, but not from emerging markets pessimism
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Investors wary despite reduced risk of arrears to the multilateral
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More sovereigns may follow Chile to bolster credibility of their climate targets
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Refinancing deal an important step in right direction but comes with its own problems
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LatAm bonds a safe haven for now but outflows could cause broader pain
