January 8, 2018 |
Presidential elections are likely to shape this year's ECM market, with a number of issuers from Argentina, Peru and Brazil eyeing Q1 equity sales.
Brazil and Mexico go to the polls in October and July, respectively, while Colombia is also holding a vote in May.
Typically, market makers adopt a "wait and see" approach to equity issuance at times of elections. But in order to leverage sound market conditions, ECM sources are confident a large chunk of this year's pipeline will materialize in the
Stock offerings from Argentina highlight a renewed pipeline, but sources say market windows are short