Lenders pile into emerging markets for record rise
After rock bottom loan volumes last year, emerging market issuers increased their borrowing in the loan market by a record amount in the first quarter of 2013, according to the Bank for International Settlements.
Lending to emerging markets leapt by $267bn, or 8%, to around $3.7tr in Q1 2013, compared to the final quarter of 2012. This was "by far the largest quarterly increase on record," the bank said.Brazil, China and Russia accounted for 85% of the growth. Borrowers in Asia Pacific were ...
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