Bolsonaro bounce drives Brazilian ECM surge

Sam Kerr

October 03, 2019 12:00 PM

Bolsonaro_Brazil_PA_230x150 — Brazil's President Jair Bolsonaro addresses the United Nations General Assembly at its headquarters in New York, United States, Tuesday, September 24, 2019. (AAP Image/Mick Tsikas) NO ARCHIVING ** STRICTLY EDITORIAL USE ONLY ** | MICK TSIKAS/AAP/PA Images

Brazilian ECM has surged this year, thanks to a belief in president Jair Bolsonaro’s plans for the economy. Brazilian corporates have taken advantage of investor excitement to raise more than $15.4bn in equity financing over the first three quarters of 2019. But this could be just the start, with a wave of privatisation also possible.

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Topics

Equity IPOs Equity LatAm Equity Americas Emerging Markets Brazil LatAm Latin America

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Sam Kerr