NEWS BONDS: New year, new market?

NEWS BONDS: New year, new market?

Bonds

Sales of bonds are likely to be strong in January, market sources told LatinFinance during a market lull in December. The US Federal Reserve’s lift in interest rates that month, for the first time since 2006, helped investors, issuers and intermediaries gauge the direction of dollar borrowing costs ahead. DCM sources expect bond issuance volumes to be similar this year to 2015 — which was significantly lower compared to recent years. Primary bond volumes dropped to about $74.8 billion in 2015, from $123.4 billion in 2014 and $117.98 billion in 2013, according to data from Dealogic. In the pipeline, Chile might come to market after a roadshow in the US and Europe in mid-December. Pemex’s Rodo

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