It’s a Jungle Out There: Pacific Nation Braves Jittery Frontier Bond Market

By Anonymous

Other frontier markets could be tempted to follow suit if it goes well

A planned $500 million bond sale from Papua New Guinea, a country that has tried and failed to sell foreign debt before, will test whether investors are still receptive to riskier borrowers after a selloff in emerging markets.

The offering could conclude this week, and would mark the first sale of junk-rated sovereign-dollar debt since July, when Angola sold $500 million in 30-year bonds, according to Dealogic.