Pri­vate debt is­suance down 7 per cent in Q3

The National - News - - BUSINESS -

Global pri­vate debt is­suance was down 7 per cent in the third quar­ter com­pared with the same pe­riod last year, as is­suers in ad­vanced and emerg­ing economies re­duced new bond sup­ply, Moody’s In­vestors Ser­vice said. “Place­ments in ad­vanced economies fell 5 per cent year-on-year fol­low­ing strong ac­tiv­ity in the first half of 2017, while higher yields con­tinue to con­strain Chi­nese is­suance driv­ing emerg­ing mar­ket pri­mary vol­umes 12 per cent lower,” said Colin El­lis, a Moody’s man­ag­ing di­rec­tor and chief credit of­fi­cer, Emea. Global pri­vate debt is­suance to­talled US$1.03 tril­lion in the third quar­ter, 4 per cent lower than the pre­vi­ous three months.

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