September 1, 2013
In 1988, there was no Latin corporate bond market to speak of. Instead, companies took opportunistic shots at the market, while sovereign borrowers struggled to pull themselves out of, yet often fell back into, crisis.
A quarter century later, Latin America’s debt capital markets – now the most advanced of any emerging region – offer a sophistication few could have imagined back then. And today, corporate debt markets represent an asset class that is not only a central funding vehicle for increasingly many companies, but also an attractive investment for institutional accounts.
Chile was roundly applauded when it nabbed Latin America’s first investment grade rating in 1992. Now, around th
Latin American corporates have taken great strides in their market funding strategies. Today, debt market access for the best is on a par with their global peers. By Mariana Santibáñez