In an article published in the Wall Street journal today,writing about Emerging Market debt it says:
"Russia and South Africa issued bonds in the biggest sale of emerging-market government debt this year, a sign that many investors remain interested in developing economies even after months of turmoil.
But both countries needed to pay significantly more to attract investors than they had even a few months ago, underscoring the more challenging environment borrowers face as the Federal Reserve prepares to tap its bond buying program.
Russia raised nearly $7 billion in dollars and euros, including 10-year bonds paying a yield of 5.112%, compared with the 4.5% coupon on a similar bond sold last year.
South Africa had to pay up as well on $2 billion in 12-year bonds, offering investors a 6.06% yield, compared with a 4.665% coupon it paid for similar debt in January 2012".
Source: WSJ
