Indian summer for LatAm debt markets?

There has been a steady increase in international Latin American debt issuance recently. But is this masking a trend towards local-currency issuance, specifically in local markets?

The volume of deals from Latin American issuers in the international debt capital markets – almost all dollar-denominated – has spiked in the past three years. In 2012 the $100 billion threshold was broken, after reaching more than $90 billion in each of the preceding two years. International DCM bankers working in the region have never had it so good. Deals from nearly all the countries in the region, from all parts of the credit spectrum – for all tenors and largely all structures – have attracted big international investor demand.

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