Capital flows to Latin America and the Caribbean: first four months of 2024

Latin American and Caribbean issuers placed US$ 53 billion of bonds in international markets in the first four months of 2024. This total was 61.5% higher than in the same period in 2023. The market remained open to high-yield issuers from the region, but most of the region’s issuances (69%) came from the investment grade sector. After two consecutive years in which sovereign issuances surpassed the 50% mark, corporate bond issuances in the reporting period represented 58% of the total.

The region issued US$ 13 billion in green, social, sustainability and sustainability linked bonds in international markets from January to April 2024, up 90% year-on-year. This total accounted for 24% of the region’s total international bond issuance, up from 20% in the prior-year period but down from the record 35% annual share in 2023.
Capital flows to Latin America and the Caribbean: first four months of 2024 presents and analyses the main trends and developments in capital flows to Latin America and the Caribbean from January to April 2024. This report, published by ECLAC three times a year, provides an overview of the region’s new international bonds issued, bond spreads and credit ratings.