DCM Bankers Cry Foul over Fees

DCM Bankers Cry Foul over Fees


Fees charged for LatAm cross-border bond deals are reaching ridiculously low levels, even for a region long-known for borrowers that squeeze leads to the last cent, say DCM bankers. Central American sovereigns have traditionally received the brunt of such complaints, but recent mandates from quasi-sovereign names in Brazil are driving fees ever lower, they say. Mandates for Eletrobras, Banco do Brasil and Taesa are thought to have been won with single digits. “Federally owned entities have to sh

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