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LGT Capital Partners invests in local currency bonds in Paraguay as first foreign investor
For the first time, Paraguay has offered foreign investors access to the local, guaraní-denominated primary bond market. LGT Capital Partners’ Emerging Markets Fixed Income team was the first foreign investor to participate in the bond auction via global depositary notes. The team invested the equivalent of USD 35 million.
The Emerging Markets Fixed Income team covers around 170 countries across emerging and frontier markets, investing in those countries that are best positioned to foster sustainable economic growth.
Paraguay is recognized for its macroeconomic stability and sound fiscal management. It has demonstrated an ability to adapt to both environmental challenges and external shocks. A positive development trajectory and a prudent mix of economic policies are expected to foster a favorable investment environment within the country.
