Debt: On the record

Debt: On the record

Latin American corporate issuance in September stood at just over $15 billion, according to Bank of America-Merrill Lynch, the second highest month this year, bringing year-to-date issuance to $83 billion – and breaking 2011’s historical record issuance of $76.6 billion. BAML has revised its 2012 volume forecast for LatAm banks, corporates and quasi-sovereigns to $95 billion from $70 billion. “Low interest rates, huge fund flows into emerging market funds and a market perception of getting more yield in emerging markets contribute to record-breaking numbers in new issuance and performance,” says Anne Milne, head of EM corporate research at the bank. Investment grade

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