EM unleashes primary supply as equity, oil woes no match for yield appetite

Emerging markets issuers flocked to bond markets this week with impressive results, despite severe weaknesses in equity and oil markets. A 20bp negative concession for Brazil’s Suzano on Thursday, on the first sustainability-linked bond ever from an EM issuer, wrapped a hectic week as investors dived into the higher yielding asset classes. Mariam Meskin and Oliver West report.