DCM: Pipeline Builds

DCM: Pipeline Builds

Bonds Funds Argentina Brazil Mexico

Pipelines are nonetheless huge, and all eyes are on the January sales. "There is still a lot of liquidity out there, and there is still a compelling case for a lot of funds to buy EM debt," says Eduardo Suárez, corporate credit analyst at RBC. Suárez sees issuers with large capex needs, such as Petrobras, Vale, and Pemex, looking to lock in attractive rates.  Bankers say issuers that opted not to pull the trigger in November and December are ready to go in January. Developer Cyrela had been considering a perpetual or global-local, through Credit Suisse, Itaú and Morgan Stanley. Chilean banks including BanChile and BCI were considering new

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