Ivory Coast Bonds "Might End Up To Be A Good Investment"; North Korea And Syria Next?

In the old days, investors used to demand a higher return for taking on more risk, and would never lend money to a war-torn country such as purchasing ivory coast bonds or fro a county that has defaulted in the past decade.

But those days are now long gone and today’s yield starved investors are more than happy to lend to emerging market countries with rocky pasts, at rock-bottom rates.

At the end of August, Tajikistan (which borders Afghanistan) declared its intention to issue 10-year bonds — its first ever issue — to take advantage of the current credit environment, following Iraq and Belarus (referred to by many as Europe’s last dictatorship), which have also tapped investors this year. Kenya meanwhile has...