LatAm looks to HY, local FX, regional deals
Senior DCM bankers are predicting a strong first half for Latin American primary bond markets following record issuance in the opening week of 2012. Investors will look again at high yield deals, interregional deals will become ever more important and international demand for local currency debt — hit by last year’s FX sell-off — could also again become a big theme this year.
Five global transactions including new benchmarks from Mexico, Vale and Banco Bradesco took total fundraising last week to $5.05bn, marking the regions busiest ever start to a new year.
Bankers attributed the unprecedented volumes to a combination of benign market conditions in the developed world and
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