Cross-border market enters August slump

Cross-border market enters August slump

Bonds

Latin American bond sales are expected to remain muted this month, as many in the industry take vacation and as political uncertainty increases in Brazil ahead of October’s election. Strong demand for high-yielding credit and ample liquidity prompted a rush to the market in June and July — surprising many who predicted a scarcity of deals during the World Cup. However, only two LatAm borrowers have tapped the cross-border market in the first week of August: CAF, with a $1bn return to the dollar

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial