Lenders pile into emerging markets for record rise

money fist
By Michael Turner
16 Sep 2013

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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