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Follow on Google News | Emerging Markets Head for Record Bond Sales as Yields Plunge.Emerging-market borrowers are on course to sell more bonds than ever this year after yields hit record lows and developing economies rebounded faster from the credit crisis than advanced nations.
By: Brian Moore Emerging market borrowers from India’s Rural Electrification Corp. to OAO Gazprom, Russia’s largest company, are in the process of selling at least $13.6 billion of bonds, adding to the $521 billion issued so far in 2010, which is 15 percent above the same period last year, Bloomberg data show. More issuers will rush to the market to lock in the low rates while they last, according to Richard Wainwright, CEO at Clarkson Black Associates in Seattle. “There’s going to be more issuance for sure as long as interest rates in the United States continue to be low,” said the Clarkson Black CEO before he concluded by saying “they’ll pre-empt 2011 if they can.” Clarkson Black Associates is a Seattle based middle market Boutique Investment Banking and Advisory Firm offering specialist advice and services to both Private and Public companies. Clarkson Black Associates team of Senior Investment Bankers have extensive experience and track record of servicing the need of Middle Market companies. Its philosophy is to work closely with Promoters of companies to create customized and innovative solutions. End
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