Listen to Mario Beauregard, chief financial officer at Mexican
oil and gas monopoly Pemex, and you might be forgiven for
thinking companies in Latin America are in no rush to lock in
lower rates. Speaking to LatinFinance, Beauregard says he does
not expect a scenario of high volatility in the rates market
that would send shockwaves into the region’s
DEBT CAPITAL MARKETS: Stretching out
Issuers have taken quick advantage of a rebound in appetite for Latin American bonds following a brutal sell-off as the year began. But is the rally storing up trouble? ?By Eduardo Garcia
"To the extent that the US economy starts showing more solid
signs of recovery, we may see interest rates going up, but I
don’t foresee that happening in a disorderly
fashion," he says.
Yet a wave of bond issuance and liability management
exercises in Latin America, leading up to the start of the
soccer World Cup in Brazil in mid-June, suggest the
region’s financial managers have been clamoring to
take advantage of a new wave of global liquidity, and the
return of investor appetite for emerging markets,...
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