- BBVA-covered LatAm countries’ USD-denominated debt service obligations will amount to USD426mn in December.
- Given the traditional lower debt issuance during December, the debt service amount is lower than the monthly average and well below the January level.
- The largest coupon payments will be from COLOM 45s (USD112.5mn on 15 December) and URUGUA 50s (USD100.6mn on 18 December).
- Chile, Peru, Brazil and the Dominican Republic will make smaller coupon payments.
- We expect coupon payments for the covered countries to reach about USD2.3bn in January 2022, with the largest payments from Brazil, Mexico and the Dominican Republic.