Emerging market debt issuance to stay above pre-Covid levels: Moody's

Emerging market (EM) debt issuance will sof ten in 2021 from last year's record highs but will remain above pre-pandemic levels as still-elevated funding needs and improving risk sentiment support overall bond market activity, Moody's Investors Service said in a report on Thursday. EM debt issuers brought $639 billion of eurobonds to market last year, exceeding the previous peak set in 2017 and breaking the $600 billion mark for the first time, as high-rated issuers secured financing in the wake of the pandemic.