Latin American debt markets: Local currencies thrive

Sudip Roy
Published on:

When Santander Chile priced a $1.2 billion triple-tranche bond in September, one of the tranches was a 10-year peso bond, worth an equivalent $500 million. It was the region’s first Europeso corporate bond since the global financial crisis and an illustration of how investors, especially from overseas, want to capture the yield and carry from Latin America’s local assets.