ORLANDO, Fla. Clobbered by rising interest rates, jacked-up oil prices and the threat of a slowdown from China, Latin American debt markets overall have seen better times. But in the field of structured finance, recent developments have been more encouraging. At the 3rd Annual Securitization in Latin America Summit held by LatinFinance and Euromoney, the brisk participation alone evidenced that this world is pressing on. At slightly over 200, attendance was about double the first two summits.
"I think issuance is going to be better than last year," said Violet Osterberg, managing director at Pacific Life Insurance Company. Roughly US$400 million of the US$3.8 billion debt portfolio under her management is allocated in Latin America. Fellow buysider Kurt Opperman, vice president of ING Investment Management, sees continued value in structured deals from Latin America. "Our appetite in the region has not diminished," he said, speaking