Investor meetings show EM is still open for business
Russia’s Vnesheconombank and Abu Dhabi’s Tourism Development & Investment Company took advantage of a rally in emerging market bonds this week and announced investor meetings for the week ahead. The announcements highlight the fact that the market — if volatile — is still ready for business.
"The one constant throughout the turmoil and even the sell-off in emerging markets a week ago is that investors have been willing to meet issuers," said a syndicate official in London.Because the market is volatile, investors and syndicate officials say that there is no stigma to marketing ...
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