Endangered Species

Endangered Species

The outlook is grim for Latin America's cross-border originations bankers. A combination of hungry domestic markets and limited sovereign issuance needs due to budget surpluses has slashed the primary pipeline for 2007. Corporates, driven by M&A, may pick up the slack. "We expect the supply from sovereigns in the region to diminish dramatically, as most have fully funded their needs for 2007 and even 2008," says Enrique Bustamante, head of Latin American corporate finance and origination at Dresdner. "There is still a relatively healthy number of corporates and financial institutions that will see the international capital markets as attractive." Slim PickingsBankers with mandates to execu

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