DEBT: Lonely are the brave

DEBT: Lonely are the brave

Bonds

Opportunistic investment grade Latin American corporate, sovereign and select high-yield borrowers were the theme in May, June and early July taking advantage of issuance windows amid continued volatility in the bond market. The pace of issuance slowed from the first quarter, but bankers were confident better news beginning to emerge from Europe would mean open markets for those who need the funds. “There is a really solid pipeline of business that should get done,” says Chris Gilfond, co-head of LatAm DCM at Citi. “It may need to wait a month or two in terms of finding the right window, but I’d expect something like second quarter volume in the third quarter.” He expects DCM volume this

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