Capital markets activity should increase from last year’s high volumes, according to investment bankers – and some are excitedly talking about record volumes.
“If the [Brazilian presidential election] opinion polls are favourable to a market-orientated candidate by June, then we could have two years in one,” says one São Paulo-based debt capital markets (DCM) professional.
“The demand for all Brazilian risk continues to be very strong – it’s supply that’s the issue as companies are proving to be more cautious than investors and are waiting for clarity in the presidential election.
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