GRAPHIC-Emerging market corporate bond sales scale record high this year

By Reuters

Emerging market firms have flocked to bond markets to cash in on low interest rates and have raised a record amount of money to fund expansion plans as they look beyond the coronavirus pandemic, data showed. “Lower rates have been an incentive for issuers, and for investors EM high-yielding debt has been attractive, given value considerations,” said Buddhika Piyasena, head of Asia-Pacific at Fitch Ratings. “There is some early refinancing happening as well, adding to volumes in 2021, with issuers wanting to take advantage of the today's interest rate environment given possible Fed moves going forward.”

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