Latin America waiting game continues

Odebrecht Drilling became on Thursday the first Latin American issuer to say it had put its borrowing plans on the sidelines until markets achieved stability. After two weeks without any dollar issuance at all from the region, DCM and syndicate bankers covering Latin America will take their lead from the US high grade and high yield markets before daring to reopen the new issue markets, as US Treasury volatility continues to rattle bond markets.