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Emerging MarketsEM LatAm

Santander Mex beat demand surge with bumper bond, says CFO

Mexico, peso, Santander, Mexican, bank, currency, EM, LatAm, 575

The CFO of Banco Santander Mexico told GlobalCapital that the lender had decided to get ahead of a possible surge in demand for credit by issuing the largest ever bond by a Mexican bank on Tuesday. But DCM and syndicate bankers worry that most Latin American issuers are not taking advantage of strong markets to shore up cash positions with the full impact of the Covid-19 crisis still unknown.

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