In this most yield-hungry and liquidity-rich era, there were reasons for optimism for the Lao Democratic People’s Republic when it set about marketing $350 million of bonds in December. Laos is among the lowest rated of all Asian sovereigns, at Caa2/CCC with Moody’s and Fitch, but it was prepared to pay 10% for its money.
But the deal was postponed, then curiously put on ice while the government decided there was more that it needed to disclose to investors, the detail uncertain.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
