Americas
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The Republic of Peru may not have yet announced the dual-tranche dollar and nuevo sol trade that it is understood to be planning, but the sovereign opted this week to get going with liability management anyway. -
A volatile week with certain Latin American companies failing to announce deals after completing roadshows is not putting other credits from the region off trying their luck.
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Latin American financial institutions are continuing to find attractive opportunities in niche markets this week, though the best rated of them all told GlobalCapital it could turn to public bond markets soon.
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US regional lenders tapped the dollar market after reporting third quarter earnings this week, as bankers said that there were only a few remaining windows for issuance left in 2018.
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Constellation Brands proved a rare highlight as a global market sell-off put the brakes on investment grade dollar bond issuance and sent borrowers scampering to the sidelines.
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Three public sector borrowers shrugged off a rally in US Treasury yields to issue a combined $8.25bn in the primary market this week.
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Tesla’s unsecured bond due 2025 climbed by two points in secondary trading on Wednesday and Thursday after the company reported it had made $312m of profit in the third quarter, beating market expectations.
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The Province of Alberta was set to price its joint biggest ever dollar benchmark on Thursday, with a $2.25bn November 2023.
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This month’s global equity sell-off has devastated markets and investors' performance for the year, and Europe’s large equity capital markets houses are thinking of calling time on a challenging 2018 to give a battered buy-side some time to recover, writes Sam Kerr.
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Panama’s Banco La Hipotecaria is planning to sell its first covered bond. The five year 144A/Reg S deal will be structured under a contractual framework and privately placed.
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Aeropuerto Internacional de Tocumen, the airport of Panama City, said on Wednesday that it wants to tap its existing 30 year bonds for a further $650m as Latin America issuers appeared keen battle through tough market conditions.
