Emerging economies' record debt spree slumps into a freeze as Iran war rocks markets

A record start to the year for emerging-market debt issuance has largely ground to a halt as worries over the Iran war have roiled markets and pushed up borrowing costs. Bankers and investors say the disruption has left several sovereigns and issuers in limbo, stalling planned deals and raising funding costs for emerging-market borrowers.

Analysis

A record start to the year for emerging-market debt issuance has largely ground to a halt as worries over the Iran war have roiled markets and pushed up borrowing costs. Bankers and investors say the disruption has left several sovereigns and issuers in limbo, stalling planned deals and raising funding costs for emerging-market borrowers.