Latin American corporate issuance in September stood at just
over $15 billion, according to Bank of America-Merrill Lynch,
the second highest month this year, bringing year-to-date
issuance to $83 billion and breaking 2011s
historical record issuance of $76.6 billion.
BAML has revised its 2012 volume forecast for LatAm banks,
corporates and quasi-sovereigns to $95 billion from $70
Low interest rates, huge fund flows into emerging
market funds and a market perception of getting more yield in
emerging markets contribute to record-breaking numbers in new
issuance and performance, says Anne Milne, head of EM
corporate research at the bank.
Investment grade bonds continues to dominate issuance
with 79% year-to-date being high yield deals. First time
issuers have accounted for roughly 25% of total issuance this
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