ECM Expectations Mild

ECM Expectations Mild


Equity capital market volumes have undershot 2011’s disappointing numbers so far this year, but bankers are holding out for a September pickup with a number of transactions in the pipeline. Total issuance plummeted 45% year on year through the end of July. But Daniel Darahem, head of LatAm ECM at JPMorgan, tells LatinFinance that despite this: “If market conditions allow it, we expect a strong pipeline of multi-billion dollar transactions for the second half.” Issuers are already lining up, most

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