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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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The South America sovereign should be praised for taking first mover risk -
An exchange targeting domestic investors accounts for most of $850m print
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South America sovereign eyes $3.7bn across local and international markets
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Congress allows new government to issue extra $2bn
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Supranational’s sterling debut to follow inaugural green Kangaroo
