May 1, 2006
Jamie Nicholson-LeenerWhat is the Latin America Corporate Bond Index?The Credit Suisse Latin America Corporate Bond Index (LACI) is the first performance benchmark devoted exclusively to non-sovereign fixed income issues from Latin America. We launched the index in March, but the pricing on the issues included in the index dates back to November 2001. The current market value of bonds in the index is approximately $65 billion and number 177 separate issues. Although two thirds of the index is made up of issues from Latin American corporates, it also includes issues from quasi-sovereign entities such as the state-owned Brazilian bank, Banco do Brasil, and Chilean state copper compan
Jamie Nicholson-Leener, head of Latin American corporate credit research at Credit Suisse, explains why her investment bank developed its Latin America Corporate Bond Index.