Developing countries swap out of dollar debt to cut borrowing costs
Sovereign borrowers are turning to lower interest rates in currencies such as the Chinese renminbi and Swiss franc
Sovereign borrowers are turning to lower interest rates in currencies such as the Chinese renminbi and Swiss franc

Beijing raises $4bn as debt costs relative to Treasuries fall to historically low levels

Beijing’s push will speed moves to multi-polar monetary system, analysts say

Central bank fixes currency at highest level against dollar in 15 months

Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking

Banks and companies in emerging markets outside China are issuing debt at the fastest pace since 2021

Low interest rates make renminbi an attractive funding currency for multinational companies