LatAm DCM Bucks Global Negative Trend

Bankers got $433m in DCM revenue in 2007 from LatAm and the Caribbean, according to Dealogic. This was a 12% increase from 2006. The region’s DCM volume was also up slightly, at $79.2bn in 2007 from $74.9bn in 2006. Mexico finished the year strongly, with Q4 volume up 105% over 3Q, lifting its 2007 total to $26bn. The region’s numbers are in contrast to an 8% drop in 2007 global DCM volume, to $6.06trn. Despite raising a record $3.96trn through June, a rough second half saw only $2.10trn, a 47% drop from the first half and the lowest half-year volume since 2002. Global DCM revenue totaled $22bn, almost flat to the $22.1bn in 2006. EM volume fell 7% in 2007 to $2.17trn, while revenue dropped 3% to $7.5bn, following a dramatic second-half slowdown where EM volume dropped 53% to $688.1bn from the first half.