EM hots up as single-B issues fly off shelves

By Virginia Furness
26 Jan 2017

After a raft of highly rated sovereigns, two single-B rated borrowers appeared this week to offer the first opportunity to buy true emerging market credit from the CEEMEA region this year. One deal was a record for its type while the other reopened a market dormant for years. Virginia Furness reports.

Both Egypt and Ukraine’s Kernel presented compelling investment stories with plenty of upside, and while this and the high yields on offer were drivers of success, the market is in rude health, with strong technicals that will support plenty of trades even as US president Donald Trump — ...

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