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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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Land-locked sovereign looking to issue ahead of looming maturities -
We can’t know yet whether borrowers are right to issue in tricky markets
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Mexican payroll lender failed to strengthen liquidity in time for Swiss franc maturity
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Caribbean sovereign has been expected in primary markets since January
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Mexican state utility offers up to 50bp of new issue premium for dual-tranche deal
