Another bumper year for Latin America's debt capital markets is
in the books. The region's credits issued $158.9 billion in
cross-border bonds from 400 transactions just ahead of the
Christmas break, according to Dealogic, up from $128.6 billion
through 329 deals for the same period in 2011.
Moreover, the closing months of 2012 were marked by further
issuance from investment grade and occasional high-yield
credits rated double B. Volumes remained strong thanks to the
low interest rate environment, record fund flows, strong local
demand and the expansion of the third round of quantitative
Bankers anticipate better - or at least equal - volumes in
2013, although the same uncertainties that haunted 2012 still
linger. These risks are, according to JPMorgan, the growth
slowdown across the US and euro-area, the impact...
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