February 23, 2021 |
After a busy January, cross-border bond sales by Latin American issuers have slowed to a halt over the past two weeks, and this week looks to remain quiet with no apparent deals in the pipeline, market sources told LatinFinance.
Many issuers covered their refinancing needs early in the year on the expectation of rising interest rates. In the first three weeks of January, they placed $26.7 billion of the $36 billion in total bonds issued so far this year, analysts said.
Since then, however, they
Rising US Treasury yields are seen as the main cause for the lack of deals, analysts say