LatAm debut trio talk price as markets tumble
Latin America’s only new bond issue so far this week traded up on Tuesday despite a general market sell-off, offering encouragement about the state of the market to the three high yield issuers from the region out with price thoughts for debut international bonds.
Guanay Finance — the vehicle through which Latam Airlines sold a $450m amoritiser on Monday — closed the day at 101.375/101.625 in the secondary market. Latam, the largest airline company in Latin America, had reoffered the BBB-/BB+ rated bond at par with a coupon of 6%.
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