Brussels
EMERGING markets are racking up bond sales at a record pace this year as issuers scramble to lock in low yields before the Federal Reserve's next interest-rate increase.
The tally so far
Borrowers from Argentina to China have raised US$64.7 billion in dollar- and euro-denominated bond sales, up from US$50.5 billion in the same period last year and the most since Bloomberg started compiling data in 2007. The yield premium paid by emerging issuers on dollar debt has dropped to the lowest in more than three years as investors wager on resilient global growth and as the ongoing global stock rally encourages them to dive into riskier assets.
"Issuers want to issue, investors are happy to buy...
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