EM sovereign bond issuance falls to its lowest this year in April

  • EM hard currency sovereign bond issuance fell 37% in April to US$6.7bn, its lowest monthly amount this year

  • It brings total issuance YTD to US$42.8bn, just over half that in the same period last year

  • There were only four deals, the highlight undoubtedly being Angola, as market conditions continue to weigh on issuance
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