Wait is on as high-yield issuers line up in LatAm
ICA, a single-B rated builder, tapped strong post-election demand for Mexican paper this week but bankers warned against interpreting the deal’s success — or the announcement of a trio of roadshows for riskier names — as a sign that the high yield market is ready to reopen.
"ICAs issue did go well but they had to pay up for it," said one banker. "Theres definitely a lot of money out there but the overwhelming desire is still for large, liquid benchmarks from top tier names."
Bankers close to the deal which was led by Bank
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