The region's issuers placed US$ 89 billion of bonds in international markets in 2023. This total was 40% higher than in 2022 but 35% lower than the average issuance in the three-year period from 2019 to 2021.
In 2019, international bond issuance from the region increased and bond spreads tightened. Credit quality continued to deteriorate, however, although at a slower pace relative to 2018.
