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Southern Copper Headlines DCM Rush

Nov 6, 2012

Peru’s Southern Copper (SCC) raised $1.50bn on a day that saw $4.55bn in LatAm DCM issuance, as the backlog caused by last week’s severe weather in the US was cleared. Facing 2Q numbers going stale and today’s US elections, several issuers who met investors last week were eager to get their deals out the door. “It sounds cliche, but the market has a lot of cash to...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management