In an indication-that capital flows to Latin America may have peaked, Latin bond issues over the first nine months of 1994 totaled only $11.5 billion. down 33% compared with $17.2 billion during the same period of 1993.

Latin American bond issues are expected to total $16 billion for the full year, or 40% less than the $26.3 billion last year, according to West Merchant Bank Ltd., London.

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