Reported about 21 hours ago
Emerging-market borrowers are increasingly issuing euro-denominated bonds as they seek diversification away from the declining US dollar, with sales hitting a decade-high this year. Factors such as improving credit quality, a favorable economic outlook for Eastern Europe, and strong investor appetite are driving this trend, with nations like Poland, Romania, and others entering the euro bond market. Analysts suggest that the move towards euro debt may continue as concerns regarding the US economy grow.
Source: YAHOO