Latin volumes drop 40% but new issuers hailed for 2013
A near 40% year-on-year drop in bond issuance from Latin American borrowers is little cause for panic and instead merely reflects a changing make-up in the kind of issuers tapping the market, LatAm bankers have told EuroWeek.
Indeed, rather than indicating any underlying weaknesses, lower volumes are the result of the market being able to service the needs of smaller and often new borrowers whose appearance bankers called a crucial and natural evolution in LatAm DCM.
By number of deals, the decline in LatAm issuance
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