In coming months, Russia is seeking to borrow in foreign currency for the first time since it defaulted on sovereign debt in 1998, triggering a financial convulsion.

俄罗斯计划在在未来数月以外币借贷，这是该国自1998年宣布主权债务违约从而引发金融地震以来的首次。

youdao

But most of the investors choosing emerging market debt are buying bond funds with local currency debt, rather than buying the sovereign or quasi-sovereign dollar denominated bonds that foreign countries like Brazil also issue.

FORBES: For International Investors, Non-Dollar Bonds More Popular...Again