CEEMEA bonds flourish but questions remain over final months

By Mariam Meskin, Oliver West, Ross Lancaster
23 Oct 2019

Issuers across emerging markets are adamant they will not let growing global market volatility hinder their activities, with three major issues from Kuwait, Russia and Saudi Arabia winning heavy investor attention this week. A possible downgrade for South Africa next week could test their resolve.

Emerging markets bond issuers are executing successful transactions, despite volatility and the first signs of investor fatigue.

The Kingdom of Saudi Arabia has done the most notable transaction of the week so far, pulling in about $13bn of orders for a $2.5bn 10 year sukuk. A lead manager put the 127bp over mid-swaps ...

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