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  • The fixed income markets triumphed in the face of adversity in 2003. All year it seemed as if there was some potential disaster threatening to shut down the markets, such as war in the Gulf, the July Treasury wobble or the Parmalat debacle. But with investors desperate for yield and borrowers anxious to lock in rock bottom rates before the interest cycle turned, bond issuance proved strong. Sebastian Boyd reports.
  • Unlike in 2002, issuers from Europe, the Middle East and Africa had to compete with their Latin American counterparts for investors' attention in 2003. But rock bottom interest rates meant that investors hungry for yield had more than enough appetite for the region's top borrowers. Danielle Robinson and Kathryn Wells report.
  • Rights issues and convertible bonds saved equity bankers from a dismal year. But, while European issuers contented themselves with restructuring work, Asia Pacific deals led the global new issue market in a stunningly successful year for Chinese IPOs. However, the strength of emerging issuers was not repeated for central and eastern European corporates and governments which struggled to get deals done. Harry Wilson reports.
  • EuroWeek's 2003 awards: How they were decided