Want To Buy Some Tajikistani Debt?

The issue of Tajikistan debt this month follows on from recent low-quality bond issues from Argentina, Greece and Iraq. Emerging market debt investors piled into the offering allowing the nation to issue US$500 million of ten-year bonds at 7.125%. Investors who bought in, cited the yield on offer and diversification as reasons to invest. For the B- rated (Standard & Poor’s) nation, with annual GDP of only $6.95 billion and no history of selling bonds, this issue is a big deal. Would You Buy Tajikistan Debt? [russia] Tajikistan is amongst the poorest nations in Asia with annual GDP per capita of…