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DCM, ECM Issuers Again with Little Clarity

Jun 19, 2012

Although a Spanish bailout has been set up and Greek elections have passed, there is still little assurance for Latin Americans waiting to issue in the debt and equity markets. Global sentiment was calmed somewhat after Sunday’s Greek elections, but issuers still find themselves on difficult footing. “The market consensus is Greek avoidance of short-term catastrophe, but investors are cynical about the medium to long-term outlook. There is still uncertainty, and people are disappointed. My feeling is that investors...

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“The greatest value in the next 12 months will be combination of corporates and local currency bonds”

Blaise Antin, TCW


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