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Brazil's government-run savings and mortgage bank Caixa Economica Federal raised $1.3 billion in an overseas bond Tuesday. (Photo: Caixa)
Wednesday, May 07, 2014
Special Reports

Latin America: Growing Interest in Debt, Capital Markets

Mexico, Peru and Colombia lead growth, interest.

BY JOACHIM BAMRUD

This year is shaping up to be a good one for high yield bond offerings and the debt markets in Latin America, experts say.

“The general consensus is that the combination of low interest rates through most of 2014 and the fact that the economies of various Latin American countries are overall doing well is expected to drive demand,” says Taisa Markus, a partner in the Latin America practice of Paul Hastings.

On Tuesday, Brazil's government-run savings and mortgage bank Caixa Economica Federal, or CEF, raised $1.3 billion from an overseas bond issue due in 2019, much more than initially planned, as international investors showed better-than-expected demand, The Wall Street Journal reported.

Meanwhile, Colombian holding company GrupoSura will offer up to 750 billion pesos ($390 million) in the local market today, Reuters reports.

Mergers and acquisitions are also going to be an important driver of capital markets activity including outbound from Asia, according to Markus. “If the ...

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Keywords: Brazil, Chile, Colombia, Ecuador, Mexico, Peru

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