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Bond sales hit record as emerging markets see risks

(Bloomberg) -- Developing-nation borrowers are rushing to sell debt, taking advantage of increased appetite for new bonds to lock in costs as traders continue to flip-flop over when the Federal Reserve will begin lowering interest rates.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderChina Says It Caught Foreign Consultant Spying for UK’s MI6Mexico was first off the block, kicking off the year with its l

(Bloomberg) -- Cracks are deepening for vulnerable emerging-market companies as global borrowing rates surge to the highest levels since the financial crisis, halting refinancing opportunities for $400 billion worth of debt maturities coming due in the new year.Most Read from BloombergIsrael Latest: War Intensifies as Netanyahu Faces Calls to QuitIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursRussia Shuts Airport After Mob Encircles Flight From IsraelIsrael-Hamas War Escalation Puts Qa

Money managers and credit-ratings companies say the longer interest rates remain higher, the trickier this situation will get.

When Gabon's General Brice Oligui Nguema ousted his distant cousin last month, he became the eighth military leader who has taken power by force in Africa since 2020. But one aspect about the country was different: it had sold a sizeable amount of bonds on international capital markets, and had just weeks prior sealed continental Africa's first debt-for-nature swap. Read more at straitstimes.com.