The huge volatility witnessed in US and Japanese capital markets that erupted on August 2 is preventing Latin American issuers from accessing the international debt capital markets (DCM), but bankers do not expect any lingering problems as corporates eye the traditional September-October deal window.
“We’ve been marketing Oceânica [Engenharia] since last week and we had planned to announce IPTs [initial price thoughts] on Wednesday [August 7] but we’ve had to push that back,” said a banker involved in the deal.
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