NEWS BONDS: Diversification play

NEWS BONDS: Diversification play

Bonds Corporate & Sovereign Strategy

Latin America year-to-date debt volumes have been modest amid broader volatility and expectations of a possible hike in US rates, with only the highest-rated Latin American borrowers accessing the cross-border markets.  Predicting volume is difficult, bankers say, but they expect more Latin American sovereigns and corporates to turn to the European bond markets for capital fundraising.  Latin America year-to-date dollar-denominated volumes stand at a modest $8.8 billion from four borrowers, according to Dealogic, including Pemex’s $5 billion multi-tranche trade that printed at generous concessions to the Mexican sovereign and its own curve.  Euro-denominated debt issuance, meanwhile, is catc

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