After a challenging year in 2023 marked by high interest rates and political instability, Latin American capital markets activity has started to exhibit a strong resurgence. A wealth of state issuers and corporates, eager to seize the opportunities presented by relatively more favorable rates and pressing refinancing needs, are driving this dynamic recovery.
US firms such as Cleary Gottlieb, Davis Polk, Shearman and Simpson Thacher are among those benefiting significantly from this upsurge, as they find themselves heavily involved in advising the region’s state and corporate issuers. The rebounding market conditions have not only revived interest in debt offerings but have also given a boost to some equity offerings.
As the situation continues to evolve, Latin American issuers are poised to seize this newfound momentum, much to the relief of lawyers and US firms with active stakes in the region.
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