Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:
- There's "congestion" in the PIPE market - here's what that means for SPACs.
- JPMorgan's summer interns for two key business lines will likely work in the office.
- Bankers at Goldman Sachs and Deutsche Bank explain why the Latin American bond market is booming.
PIPE, private investments in public equity, is a key piece of funding that SPAC sponsors sometimes rely on to raise extra capital in order to get transactions done. However, bankers and sponsors warn that PIPE funding has started to dry up in recent weeks.
JPMorgan's incoming interns in two key business lines should prepare to head into the office. We've got the scoop on the bank's plans for New York- and London-based interns in its investment-banking and markets divisions. Read more here.
How bankers at Goldman, Deutsche Bank and more are gearing up for a busy April of emerging-market bond deals
Latin American bond issuers are expected to flood the market this month. Here's what else you need to know.