Famine has turned to feast for investment bankers doing deals out of Latin America. For one thing, local economies are growing and stock markets are rising, and there has been a marked lack of disaster in the volatile region since the Argentine default of 2001. For another, historically low US interest rates have fuelled a wild enthusiasm for anything with an emerging market label, causing investors to pour money into the asset class.
The stars, it seems, are in a unique alignment for Latin American issuers – and anyone who can is rushing to take advantage.
