News: In April, the emerging markets sold a record amount of bonds
April 30, 2009 – 11:33 pmin developing country markets this month has sold more bonds than any other since June of last year. Issuers attract international investors to record income and insurance against possible losses, reported Bloomberg.
This month it sold the debt to $22.6 billion, which increased the sales of bonds this year to $52, This is a 3 billion on 61% higher than during the same period of 2008. The difference between the yield on corporate bonds in emerging markets and gosobligatsiyami United States rose in April to 7.8%, while in September last year the figure was 4%, according to JPMorgan Chase & Co.
” I am really surprised by the influx of bonds. In the world of zero interest rates, where money does not bring anything, people are looking for areas where investments are working, “- looks head of investment strategy” VTB Capital “Ivan Ivanchenko.
Thus, the world’s largest producer of beef Brazilian company JBS SA this month to pay a record 13% on a loan of $700 million is a more than 2 times the premium of its previous placement in 2006. Russian Gazprom has given the right of holders of 10-year Eurobonds to sell these assets at a fixed price over 3 years.
In the II half of last year, accommodation fell by 65% due to global recession, causing investors to invest in the United States gosobligatsii . At the present time, with near-zero rates of the Fed (0% -0.25%) and the Central Bank of Japan (0.1%), the demand for high-yield instruments of emerging markets among investors has grown significantly.



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