Economics

Riots and Slow Growth Can’t Stop Latin America’s Bond Boom

Region on pace to sell most debt in any month since early 2018
Pemex, Dominican, Chile lead new LatAm bond sales by volume

Riot police patrol during a protest at the Plaza Italia in Santiago in 2019.Photographer: Cristobal Olivares/Bloomberg

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By Sydney Maki

January 27, 2020 at 4:55 PM UTC

Updated on

January 27, 2020 at 7:09 PM UTC

This article is for subscribers only.

Investors are snapping up a wave of bond sales in a region that was racked by social unrest and mired in anemic economic growth.

Petroleos Mexicanos, the Dominican Republic and Chile led borrowers in selling more than $36.6 billion from Jan. 1 to 27, poised for the largest amount in any month since January 2018, according to data compiled by Bloomberg. It’s a 290% increase from the first weeks of 2019.