Macro Analysis /
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EM bond issuance returns in September, despite global headwinds

  • US$24bn in EM hard currency sovereign bond issuance in September was the highest since January

  • Issuance amounts to US$146bn YTD, albeit still 4% below the same period last year

  • HY highlight was Nigeria's first issue in 3 years; but tougher external conditions (US rates, China) could slow issuance

EM bond issuance returns in September, despite global headwinds
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
1 October 2021
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