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Headline: Quality issuers – We’re dedicated followers of fashion Source: Euromoney Date: February 2000 Author: Michael Peterson Another year and the latest borrowing fashions are already on display. This year’s look is big and liquid. Rather like last year’s in fact, but even bigger. Are top-rated issuers getting carried away by the benchmark trend? By Michael Peterson Remember jumbos? Those enormous, highly liquid bonds that would set a benchmark for years to come? In 1989 the first global bond, issued by the World Bank, was an earth-shattering $1.5 |
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