Emerging market debt sales shrink as window for new issues threatens to shut | Reuters

Emerging market debt sales shrink as window for new issues threatens to shut | Reuters:

Bond sales by emerging market borrowers dipped 15 percent in the first three months of 2019 from the same year-ago period and the outlook for the coming months is clouded by choppy markets, global recession fears and another financial crisis in Turkey.

But borrowers nimble enough to negotiate the market during the first quarter were rewarded by robust demand from investors in search of high-yielding but riskier bets.

A debut international issue for Benin and a $3 billion bond sale for Ghana, the world’s second-largest cocoa producer, were both well-received by investors.