January 30, 2020 |
High-yield bond sales from corporate issuers in Latin America more than doubled in 2019 and are expected keep growing in 2020, despite slower economic growth and social unrest in the region, sources told LatinFinance.
High-yield issues came to $26.6 billion in 2019, up from $11.4 billion in 2018, and the rate of bond sales will likely remain high in the first quarter this year as companies take advantage of low interest rates to raise cash, Moody's said in a recent report.
The rise of high-yield
Corporate issuers are expected reap the benefits of low interest rates to raise cash in the bond market in the first quarter this year