No let-up in CEEMEA bond market as end of year approaches

23 Nov 2012

Lebanon printed over $1.5bn of bonds, Ukraine $1.25bn and Poland €750m this week, despite Thanksgiving and the fast approaching end of the year. Such is the surge of emerging market debt that syndicate managers have been forced to re-examine their expectations for the last weeks of the year.

Investors showed a willingness to buy even more paper this week after many had said over the last fortnight that autumn’s EM bond bonanza was over.

"It’s the last rush into Christmas now, but it’s far from desperate — EM accounts are still happily buying," said one syndicate ...

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