One World Investments Ltd., a Boston-based boutique asset manager, has stopped taking orders on the FSA-wrapped triple-A tranche of its $200 million CDO backed by 85% emerging market (EM) sovereign/quasi-sovereign bonds and 15% corporate debt. Arranger Links Securities has set the coupon on the One World Global Sovereign at 45 basis points over Libor with a discount margin of 50 basis points over Libor.

Making the deal palatable to investors is the fact there is zero percent Argentine debt in the reference pool.

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