Creditors pull back from frontier markets

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By Phil Thornton
20 Feb 2020

Frontier market bond issuance dropped in 2019, with sovereign issuance at its lowest figure since 2011, amid signs that private-sector creditors are pulling back from riskier countries.

Overall bond issuance in frontier markets slowed to a four-year low of $110bn, according to figures from the Institute of International Finance, a body representing global banks and lenders.

Private-sector creditors have limited appetite for low-income country (LIC) debt, the IIF said. Publicly guaranteed debt owed to private creditors ...

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