Emerging market debt issuance fell to the lowest in 10 years in April 2022 amid the war in Ukraine
Emerging-market debt sales slumped to their lowest level for the month of April 2022 in a decade. According to data compiled by Bloomberg, developing-nation governments and companies raised $30.6 billion of bonds in dollars or euros in April, a 48% decline from the same month a year ago. Issuance for the period dropped to its lowest level since 2012.
Faced with the impact on the sentiment of the intensifying conflict in Ukraine and central banks turning more hawkish as they try to bring inflation to heel, developing-market borrowers have become more skittish.