Sovereign funds to turn to non-dollar bonds amid AI-driven liquidity crunch, Citi banker says
Global sovereign funds are turning to local-currency markets as rising yields and AI investment demand push borrowing costs higher, Citi said.
6 Articles
6 Articles
States and sovereign wealth funds are increasingly turning to non-dollar bond markets for fundraising as intensifying competition for capital is driving up dollar-denominated debt issuance, according to an IMF World Bank meeting in Bangkok.
Sovereign funds to turn to non-dollar bonds amid AI-driven liquidity crunch, Citi banker says
By Selena Li Bangkok, Oct 15 (Reuters) - Sovereign wealth funds are increasingly raising funds outside dollar-denominated bonds as the intensifying competition to raise capital increases the costs of issuing debt, a senior banker at Citi who deals wi...
SWFs are increasingly moving towards raising finance through non-dollar instruments; with high capital competition, leading to high debt-issuing costs. Stephanie von Friedborg, the global head of the public-sector group in Citi, said that debt markets denominated in local currencies - such as the Chinese renminbi, the Australian dollar, and the Hong Kong dollar, [...] article City: Sovereign wealth funds are going towards non-dollar bonds writte…
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