June 30, 2020 |
Faced with an unprecedented economic shock, the past three months in the Latin American loan market has seen activity drop to low levels, with smaller-sized deals providing the majority of deals being pushed through as many businesses postpone their capital expenditures and focus on liquidity needs, said Eddy Lacayo Head of Corporate Lending Latin America at BBVA in New York.
According to data provider Dealogic, activity in the loan market for the three months ended May 31 fell precipitously from the same period a year ago. All-in-all there were just 12 transactions, for a total deal value of $3.37 billion. This compares to 44 transactions valued at $23.35 bln, a drop of 85.5% from the same
Interview with Eddy Lacayo, Head of Corporate Lending Latin America, BBVA