No August Doldrums in Emerging Markets as Bond Sales Jump: ChartBy
Emerging-market borrowers sold $22 billion of Eurobonds in August, the most ever for a month typically marked by slow issuance, according to data compiled by Bloomberg. Seeking to lock in low yields before the U.S. raises rates, investment-grade Mexico, Qatar National Bank SAQ and Slovenia were the biggest individual issuers, raising more than $1 billion each. Chinese borrowers including junk-rated Hong Kong-based property developer Road King Infrastructure Ltd. sold a total of more than $8 billion.
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