Americas
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Bank of Nova Scotia picked up £250m of senior funding at an attractive spread versus its euro levels on Thursday, but demand for the notes may have been stunted after Moody’s slashed the ratings on several Canadian banks in mid-May, including Scotia. -
Central American sovereign Guatemala sold $500m of dollar bonds on Wednesday in a deal that came roughly flat to its curve.
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Online gaming and media platform VNG Corp has set in motion plans for an IPO on the Nasdaq, which would make it the first Vietnamese firm to list in the US, according to a statement from the company.
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Ecuador attracted $4.2bn of orders on the way to a $2bn bond sale on Tuesday as bond investors continue to lap up the small South American country’s hefty debt issuance.
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Moody’s followed Standard & Poor’s in placing Brazil’s credit rating on negative outlook on Friday, but both agencies have reaffirmed Petrobras’ rating as analysts say they expect the state-owned oil company to gain ground on its sovereign parent.
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The Province of Buenos Aires gave a taste of the possibilities available in Argentina’s domestic market on Tuesday with an innovative peso bond targeted at international investors that left the province’s undersecretary of finance more than satisfied.
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Autopistas del Sol, the concessionaire of Costa Rican highway Globalvia Ruta 27, sold $300m of 13.6 year amortising bonds on Wednesday as Latin America new issue markets continue to function despite political turmoil in Brazil.
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LatAm bond market participants said contagion from the latest Brazilian corruption crisis had dissipated this week as new issuance returned to the region and spreads recovered within and outside Brazil.
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LedgerX, the US-based trading and clearing platform, has raised $11.4m to help finance the start-up of an options exchange that will trade bitcoin and other digital currencies.
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