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Gazprom, one of the emerging market sector's biggest names, triumphantly rode out the recent volatility to price the final dollar deal in its 2007 Eurobond programme earlier this month. Delayed from July 26, the deal was increased from its expected size of $1 billion after strong support from investors: the order book almost reached $3 billion.

"We delayed the deal from late July because of this summer's volatility, but an improvement in the market opened a window of opportunity; 15 other bor

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