Americas

Central American retail group Unicomer saw its newly issued seven year non call four bonds jump around three points in secondary markets on Tuesday as traders said retail and private bank investors sought to get their hands on the paper.

Mexican development bank Nacional Financiera (Nafin) will look to price its first ever Japanese yen deal this week.

ABN Amro attracted a healthy book for a large $1.5bn tier two trade on Monday, as the FIG market filled up in both dollars and euros after a busy week of potential risks.

French asset manager Tobam Core Investments opened its first international high yield fund on Monday. The €100m fund aims to go against the grain.

Mexico’s followed its long awaited return to dollar bond markets with a solid performance in secondary markets on Friday as the sovereign wrapped up a liability management exercise.

South American sovereign Paraguay will meet bond investors on Monday and Tuesday ahead of a potential $500m international bond sale.

FTSE Russell, the global index and data company, has hired Sean Smith as managing director of derivatives licences.

Rating: Baa1/BBB+

Mexico issued in dollars for the first time since the US presidential elections on Thursday. Bankers said the sovereign had been able to take advantage of an improvement in market sentiment based on hopes that US president Donald Trump’s policies towards the country might not be as harsh as feared.

Central American sovereign Belize said on Wednesday that it had received the necessary approval from bondholders to restructure dollar bonds that comprise nearly 40% of its total debt stock.

Expectations that a bond that already looked expensive will be become even more so helped Bolivia’s new 10 year trade well on the break after coming close to comps on Monday.

The Argentine province of Santa Fe offered an attractive pick-up to comparable credits, said bond market participants, after it priced its second ever international bond issue on Thursday.