EM issuers divided over whether to go for it

By Francesca Young, Mariam Meskin
05 Mar 2020

New emerging market bond issues have been assessed on a case-by-case basis this week as the spread of the Covid-19 virus delivered sharp swings in global markets. Some borrowers wanted to forge ahead in case of a further sell-off, while others prefer to wait for a recovery.

Two Russian issuers, GTLK Europe and Russian Railways, went ahead with their plans to print bonds this week. But those seemed the exception rather than the rule as several more EM issuers, including Eurochem, Dubai Islamic Bank and Republic of Belarus did not jump in after finishing roadshows, ...

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