London/Mexico City | Governments and companies in emerging markets have sold a record $US50 billion ($74.7 billion) in debt in the first days of 2024 as they rush to lock in a recent sharp drop in borrowing costs.
A $US12 billion issuance by Saudi Arabia this week helped bring bond sales by developing economies including Mexico and Indonesia to $US51 billion this year, according to Dealogic data, compared with $US42 billion in the same period last year. Governments sold $US29 billion of this year’s total.
