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Junk-rated nations sate yield chasers amid low interest rates

Sales follow busiest mid-year for emerging-market bond offerings, with governments and firms raising US$120b in June-August period

Bahrain, which has three junk ratings, plans the sale of dollar- denominated debt that complies with Syariah principles.

THE lowest borrowing costs in four years are triggering a flurry of bond sales from junk-rated nations. South Africa said on Wednesday it plans to issue dollar bonds, while Turkey has completed a US$1.75 billion tap.

Ukraine is said to be planning a return to international capital markets...

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