July 24, 2020 |
High-yield bond sales in Latin America rose to $8.8 billion in the second quarter from $3.8 billion in the first three months of 2020, with more than half of the money used for liability management, Moody's said in a report released on Thursday.
As far as first half goes, this year marks the third highest totals in 10 years for high-yield debt sales, the report said.
The COVID-19 pandemic brought both high-yield and overall bond sales down to almost no activity in February and March, but there
A build-up of liquidity is a major driver for debt deals, Moody's says