Even if demand from Asian retail investors, hungry for the hybrid’s perpetual maturities, is likely to dip as buyers take stock of the slowdown, many bankers see the situation as more of a correction, at least in Latin America. The strong fundamentals of the Brazilian and Mexican economies, high commodity prices and surging local demand for consumer credit mean well-run companies will maintain their need to issue the hybrid mix of debt and equity while continuing to attract buyers, analysts say.
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