Lat Am bankers, tell me why you don’t like Fridays

Oleksii Fadieiev/Oleksii Fadieiev - stock.adobe.com

When Ecopetrol, which has been talking about bringing a bond for a long time, chose to do so last Friday, after an oil price crash in the middle of the coronavirus pandemic, it took the market aback. Fridays, after all, are not when any self-respecting Latin American bond issuer comes to the market. But there is nothing typical about Latin America’s primary markets these days.