Global debt capital markets continue to diversify in 2014, with the asset class seeing 20 debut currencies since 2010, according to data provider Dealogic. Although the US dollar continues to be the preferred currency for first time issuers, other currencies have been gaining prominence, notably the euro — buoyed by the European Central Bank’s low interest rate policy. Meanwhile, in the emerging market, the Chinese renminbi continues to outpace other currencies, capturing over 50% of the market share since 2011.
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