Frontier Market Debt: The Risks Are GrowingRupert Hargreaves
In a world where investors are scrambling to get their hands on yield at any cost, it’s easier for frontier markets to head straight to capital markets rather than their traditional lenders the IMF and World Bank, which usually have tighter underwriting standards. The most surprising frontier market debt issue so far this year was a $500 million bond offering by Tajikistan in September. The country promised to pay investors just over 7% for 10 years, with demand several times the amount of money secured. $500 million is nothing . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible