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EU debt markets Will the bank bail-in make bond investors bail out? High-yield dominates corporate market
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WHEN HUNGARY ISSUED a €1 billion, seven-year bond last month, the deal completed a remarkable turnaround in fortunes for the central European state.
Less than three years ago Hungary was forced to turn to the IMF, World Bank and EU for a standby facility worth $25 billion after it became one of the biggest casualties of the global financial crisis.
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