Hormuz Closure Helps Emerging-Market Company Bonds Beat US Peers


China Vanke, which received a credit upgrade from Fitch Ratings after completing a debt restructuring, has delivered investors a 30% total return in its 2027 bond since the end of June. Gran Tierra Energy’s 2031 note has given 18% gains, while other top performers include bonds of Tullow Oil, Kosmos Energy, Braskem, Aegea, SierraCol and Total Play Telecomunicaciones.



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