Latin American Bond Issuers Make a Comeback Despite Continuing High Rates

International bond sales out of Latin America are on the rise again as hopes for US rate cuts this year fade, leading companies and governments back to the capital markets.

Issuers from the private and public sector have raised more than $49 billion by selling bonds denominated in reserve and local currencies through July 13, according to data compiled by Bloomberg. That’s just $9 billion short of the $58 billion raised in all of 2022, the slowest year in terms of sales since 2008. For this year, bankers at Citigroup Inc. forecast close to $100 billion in international bond sales from the region, while BNP Paribas SA expects about $60 billion of such deals.

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