Economics
Cheap Money Lures Latin American Companies Back to Bond Markets
- Overseas debt sales set to climb about 30% in 2019, Fitch says
- Brazil’s local market set for record as interest rates fall
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Low interest rates are proving irresistible for Latin American corporations.
With central banks cutting borrowing rates and investors hungry for yield, borrowers returned to debt markets both at home and abroad in recent weeks. They’re brushing off an economic slowdown and political uncertainty in the region that was keeping them on the sidelines, reversing the outlook for what was on pace to be a slow year for bond sales.