Emerging-Market Debt Sales Pile Up in One of 2024’s Busiest Days
- Dominican Republic, UAE, Indonesia and South Korea tap markets
- Lithuania and Peru are also looking to sell international debt
Pedestrians walk past Brazil national team soccer jerseys displayed for sale at a vendor's stand in Rio de Janeiro, Brazil.
Photographer: Dado Galdieri/BloombergDeveloping-nation governments are jumping into the bond market Tuesday in what’s poised to be one of the busiest days for sales of such debt this year, as issuers take advantage of lower yields.
The Dominican Republic expects to price a multi-tranche US dollar bond deal, while the United Arab Emirates is selling $1.5 billion of bonds in its first debt transaction since September. Indonesia and South Korea are marketing dollar-denominated notes, adding to a flurry of activity across Asia. It would be the first time in 2024 that at least four governments tap the hard-currency debt market on the same day, according to data compiled by Bloomberg.