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
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