DEBT CAPITAL MARKETS: Stretching out

DEBT CAPITAL MARKETS: Stretching out

Listen to Mario Beauregard, chief financial officer at Mexican oil and gas monopoly Pemex, and you might be forgiven for thinking companies in Latin America are in no rush to lock in lower rates. Speaking to LatinFinance, Beauregard says he does not expect a scenario of high volatility in the rates market that would send shockwaves into the region’s credit markets.“To the extent that the US economy starts showing more solid signs of recovery, we may see interest rates going up, but I don’t foresee that happening in a disorderly fashion,” he says.Yet a wave of bond issuance and liability management exercises in Latin America, leading up to the start of the soccer World Cup in Brazil in mid-Ju

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