Barbados postpones as Latins shy away from market
The Government of Barbados became the second Latin American borrower in two days to postpone a planned bond issue on Wednesday, as the US federal government shutdown and worries about the US debt ceiling reduced investors’ appetite for risk.
Ba1/BB+ rated Barbados was hoping to print a 12 year benchmark sized transaction partly to fund the buy back of some of its 2021 and 2022s, but did not receive enough demand at the 8.75% yield area it had indicated.
“It doesn’t surprise me really,” said one EM
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