EM catches volatility virus to throw LatAm pipe into uncertainty

By Oliver West
24 Sep 2020

After a second Latin American borrower in a week pulled plans to issue a bond, bankers are suddenly concerned that the region’s idyllic issuance conditions may be over. But with two infrequent corporates, a Colombian bank and a debut high yield name preparing deals, the extent of the deterioration should be clear soon.

It is just a week since the Dominican Republic was issuing in local currency as part of its largest ever deal, and LatAm corporates were issuing at record tight levels — even following heavy volatility in US equities and oil markets. 

But when markets turned ugly this week, EM ...

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