(Reuters) - Emerging debt investors were flooded this week by billions of dollars in local-currency global bonds offered by governments and companies, despite market concerns related to the U.S. subprime mortgage market.
A large chunk of the new issuance is denominated in the Brazilian real, which has gained more than 14 percent so far this year. But sovereign bonds are also being offered in other strengthening local currencies, such as the Colombian peso, the Peruvian sol and even the stable Egyptian pound.
Read more at Reuters Africa
A large chunk of the new issuance is denominated in the Brazilian real, which has gained more than 14 percent so far this year. But sovereign bonds are also being offered in other strengthening local currencies, such as the Colombian peso, the Peruvian sol and even the stable Egyptian pound.
Read more at Reuters Africa
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