Banks in Latin America pin hopes on Argentina bond surge

New York

BANKERS struggling to make a living in a waning Latin American primary market are counting on a surge of bond issuance from Argentina after the country cut a historic deal with principal holdouts last week.

Argentina has turned into the new stomping ground for debt capital markets (DCM) bankers scouring the region for business as the country emerges from a near 15-year isolation brought on by its 2001 default.