December 15, 2020 |
The COVID-19 pandemic impact on Latin America’s primary bond markets in 2020 was deep and widespread, dictating much of the decisions behind both sovereign and corporate issues, said Andre Silva, head of Latin American DCM at BNP Paribas.
Sovereign issuers had to adapt, relaxing their fiscal targets and funding needs to issue more to combat the effects of the pandemic, he said.
“Sovereigns were virtually done issuing by March, but then COVID-19 came, and they issued more,” Silva said. “So, we saw a tremendous amount of incremental issuance out of the sovereign space.”
Corporate issuers who became concerned about liquidity in what could potentially be a long period of instability, saw that in
Interview with Andre Silva, Head of Latin America DCM at BNP Paribas