EM euro issuance hots up

摘要

Euro-denominated emerging market bond issuance is poised to surpass last year's volume but some bankers worry that the market's poor liquidity makes these securities particularly vulnerable in the event of a big sell-off. Borrowers from emerging Europe, the Middle East, Asia and Latin America had raised €41.5bn as of July 3, compared with €41.7bn issued in all of 2013, according to Thomson Reuters data. That is still a lot less than the amount of emerging market debt sold in dollars - more than US$200bn -but issuers are increasingly looking at euros.