Internationally marketed Latin American debt capital markets issuance was $69 billion at the end of the third quarter, a fall of almost 40% compared with the same period in 2017, according to Dealogic. With around $32 billion of that issued in January alone – the busiest January on record – the dearth of deals in the intervening months has been brutal.
The economic woes in Argentina coupled with wider emerging-market stress saw issuance crater during the summer, with barely any deals printed between mid July and mid September.
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