Corporate-bond issuance in emerging markets hit a record high for the month of September, even as worries grew globally over soaring debt levels amid tepid growth.
The amount of U.S.-dollar bonds issued by companies in emerging countries almost tripled to $34.7 billion in September from the month before as borrowers rushed to lock in cheap funding ahead of an expected rate increase from the U.S. Federal Reserve, according to research firm CreditSights. That total, nearly 70% of which came from Asia, is the highest in any September in data going back to 2000, and puts total emerging-market dollar bond issuance in the thi…
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