JPMorgan Says Argentine Investment to Spur Corporate Debt Sales

Argentina’s largest companies are starting to revive long-term investment plans as the economy looks to emerge from recession, according to JPMorgan Chase & Co.

The bank forecasts $4 billion in corporate debt sales in 2025, a dip from this year’s levels. But Lisandro Miguens, head of Latin America debt capital markets at JPMorgan, sees a shift. More money is being raised for capital expenditures instead of refinancing maturities, he said, adding that corporate growth may push next year’s sales to as high as $6 billion.

JPMorgan was the biggest underwriter of Argentine debt issuance this year according to Bloomberg ...