SAO PAULO (Reuters) – Executives of Itau Unibanco Holding SA wholesale unit Itau BBA expect Brazilian companies to issue more fixed income instruments this year and sell less equity, as markets prepare for pre-election volatility.
Itau BBA director for corporate and investment banking, Cristiano Guimaraes, predicts the volume of equity issues to fall this year and a rise in the sale of fixed income instruments. Guimaraes expects M&A volume to be stable in 2022 compared to last year, as Brazilian companies will use proceeds of large share issues last year to acquire rivals.
(Reporting by Tatiana Bautzer; Editing by Alistair Bell)
