Americas

Colombia’s second largest lender Banco de Bogotá timed to perfection its return to international bond markets on Thursday, taking advantage of low levels of new issue supply from the jurisdiction so far this year to price a $600m 10 year senior unsecured bond.

Latin American bond markets are in no mood for a summer break yet, with three credits meeting fixed income investors this week.

Lat Am bond bankers praised Chilean copper miner Codelco for the timing and execution of its first new issue in nearly two years, after the issuer priced a new dual-tranche note flat to its curve and saw it edge tighter in secondary.

The future of cryptocurrency derivatives looked bright this week as digital currency exchange and clearing house LedgerX won its derivatives clearing organisation (DCO) licence, complementing the swap execution facility approval it received from US regulators three weeks ago. While the fledgling asset class still has a lot to prove, a united effort from US regulators could mean it will be difficult to slow its momentum.

AT&T racked up a monster order book on Thursday, as the US telecoms giant hit the market with a $22.5bn M&A financing.

India’s Nirma is set to hit the US term loan B market for financing to back its bid for Tronox Alkali, a US-based company. The flexibility that comes with selling into an institutional market pushed Nirma to pick a combination of a US TLB and a bond for its acquisition, said bankers.

Mexican broadcaster TV Azteca is on the road with three banks ahead of a planned international bond sale as it looks to refinance existing debt.

Deutsche Bank has appointed a new head of Latin America debt capital markets after promoting from within, according to sources with knowledge of the move.

Deutsche Bank has appointed a new head of Latin America debt capital markets after promoting from within, according to sources with knowledge of the move.

Supply continued to seep into CEEMEA bond markets at the start of the week despite the looming summer slowdown and Wednesday’s US Federal Open Markets Committee meeting.

Investors dug deep for Chilean copper giant Codelco’s first bond issue in 22 months on Tuesday as bankers at the leads claimed a negative new issue premium on the issuer’s 10 year tranche.

Bain Capital’s Diamond, the cleaning chemicals business, had to remove a controversial restricted payment clause before printing the triple-C rated bonds of its new financial structure on Tuesday.