LatAm ECM up in 1Q: Dealogic

Latin American ECM volume was up in 1Q 2013, to $10.6bn, according to Dealogic, with Credit Suisse capitalizing on several Mexican deals to lead the league tables. The 1Q volume, coming through 25 deals, represents a 167% increase from the $4.0bn done in 1Q 2012 and up 27% on the $8.3bn raised in 4Q 2012. Mexico was the region’s leading issuing nation, with $4.4bn from six deals, its biggest start to the year on record. Chile’s Enersis accounts for the quarter’s largest deal, wrapping up its $6.0bn rights offer March 28. Boosted by roles on five Mexican deals, Credit Suisse tops the league tables, with $2.02bn from 11 deals. It is followed by Santander, with $1.23bn from five deals, and BTG Pactual, with $1.23bn from nine.