According to a statement made by a senior JPMorgan official, he stated that in 2023, there will be a 50 percent increase in corporate bond issuance in emerging markets, as the strengthening of credit lines will enable those who want to borrow to act more boldly.
JPMorgan Chase & Co. The manager said that with the return of public markets to normal and borrowers giving up private debt instruments, Eurobond sales in emerging markets will increase in 2023.
Borrowing costs and risk premiums for developing countries have fallen in recent months as investors are pricing in peak inflation, and as a result, corporate debt issuance will increase by almost 50 percent to $300 billion in 2023, according to a statement by JPMorgan's research department. It was stated that it is estimated that $ 90 billion will come from more independent issuers.
Stefan Weiler, head of central and eastern Europe, the Middle East and Africa debt capital markets of the US bank, which is the second largest contractor of emerging market deals in 2022, said in a statement that capital market activity will increase significantly and the flow of finance is quite solid and strong. explained that they felt more courageous.
New Year's with Mexico's two-piece bond offering since last year, when euro and dollar-denominated debt sales from emerging countries government and corporate issuers fell 55 percent to $321 billion, the lowest level since 2011, according to data compiled by Bloomberg. It was stated that the start of debt sales was evaluated as an important return.
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