Publish in Special Reports - Monday, February 2, 2015
The Mexican stock exchange should see a good year, in part helped by the recent energy reforms, experts predict. (Photo: SNN IMER)
Michael Fitzgerald, Head of the Latin America Practice at Paul Hastings and J. Allen Miller, Co-Head of the Latin America Practice at Chadbourne & Parke.
Mexico will drive growth in Latin American capital markets this year.
BY JOACHIM BAMRUD
Experts are bullish on Latin America’s capital markets this year. “I think that there is an excellent outlook for the Latin American capital markets in 2015,” says Michael Fitzgerald, the head of the Latin America Practice at Paul Hastings. “Debt capital markets continue to be fueled by historically low interest rates and equity capital market are poised for continued growth.”
With a few notable exceptions, 2014 was a good year for Latin America and the expectation for 2015 is better, he says.
J. Allen Miller, Co-Head of the Latin America Practice at Chadbourne & Parke, agrees. “We are optimistic that 2015 will continue to bring interesting opportunities for capital markets offerings in Latin America,” he says.
In Mexico, Chadbourne clients in the energy sector clients believe this year will bring increased activity as the country continues to implement reforms aimed at increasing private sector participation in the oil and gas industry as well as the power markets. “We would expect this to translate into greater capital markets activity,” Miller says.
A number of important reforms have taken place in Mexico in recent years including the opening up of Mexico’s oil and gas industry that will result in hundreds of billions of dollars of investments over the next five years, much of which will be in the area of international debt capital markets, Fitzgerald says.
“In 2018, Mexico is expected to ...
Keywords: Argentina, Brazil, Chadbourne & Parke, Chile, Colombia, Mexico, Paul Hastings, Petrobras, Peru, Venezuela
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