SAO PAULO, June 5 (Reuters) - Local bond underwriting and mergers and acquisitions deals are likely to propel capital markets activity in Brazil this year, JPMorgan Chase & Co’s top executive in the country said on Thursday.
Such activity could help offset a tepid deal flow in a year marked by the impact of slowing growth and a presidential election.
According to José Berenguer, who is JPMorgan’s senior country officer in Brazil, “there are good opportunities for who is looking for long-term opportunities, but in the meantime the better options are debt capital markets and M&A.” An improvement in other markets segments such as equity offerings will also depend on a better global outlook, he added.
Brazilians elect a new president this October. (Reporting by Aluísio Alves; Writing by Guillermo Parra-Bernal, Editing by Franklin Paul)