High yield takes over LatAm as Progreso talks price
Guatemalan debut issuer Cementos Progreso will become the first of several high yield Latin American companies to test whether investors' appetite for LatAm credit will endure further down the credit spectrum and for less familiar borrowers.
Progreso plans to issue the first of five high yield bonds from Latin America this week, with all the possible issuers expected to be harder sells than last week’s batch of deals that all attracted huge order books.
“The issuance window in LatAm has been wide open
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