Issuance dries up in Latin America as widescale cutbacks take effect

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Retail structured product issuance in Latin America has tumbled as dealers' structured products desks have undergone large cutbacks. Investors in the region have now started to favour more plain vanilla investments, such as corporate bonds.

"We have not priced a structured product for almost two weeks now," says Ricardo Kaufmann, head of full service brokerage at Bulltick Capital Markets in Miami. "There are some reverse enquiries and the secondary market has been relatively active, but quoting

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