Bond sales were tough for Latin American borrowers in parts of
2013, especially given the mid-year market rout. But conditions
may become even harder this year, says Chris Gilfond, head of
Latin American capital markets at Citi.
BOND HOUSE: Citi
Choppy markets for bond issuers in 2013 demanded creative solutions to get deals done. That’s
unlikely to change in the year ahead
"At the end of the day we are hoping for the best, but
planning for choppy markets," he says.
Funding rates have become more expensive — and are
likely to become more so, he tells LatinFinance. "We expect
rates, quarter by quarter, to continue to rise and that will
result in volatility and an uncertain market environment, which
will require a careful approach and more creativity than we
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