Deal volumes from Latin American issuers in the international capital markets soared last year and the same conditions that broke records – resurgent supply and positive investor flows into the asset classes – also saw the markets sprint into the first quarter of 2018.
Last year’s $145 billion of debt issued in the international markets was a record from the region, while equity capital markets ($27.3 billion) and M&A ($176.9 billion) were the highest annual totals since 2013 and 2014 respectively, according to Dealogic.
All three asset classes began the first quarter at a similar pace of activity (the return in force of Brazilian and Argentine issuance in the last 18 months has been a strong driver of supply) until the volatility imported from the US hit markets in mid February.
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