Americas

The slowdown of its economy has not dented China’s ambitions in Latin America. However, what is changing is the profile of the projects that China is considering, especially with infrastructure

Size is still coming at a price for SSA borrowers, with European Investment Bank paying a slightly elevated new issue premium for a $4bn five year on Tuesday. Despite this, bankers said a second trade from Erste Abwicklungsanstalt confirmed the market is in robust health.

Confidence that the market has found the clearing level for euro benchmarks from all public sector borrowers in the world of eurozone quantitative easing is premature. A pulled deal by the Province of Ontario shows the need for price discovery.

Royal Bank of Canada has mandated leads for a dollar benchmark covered bond that is likely to price at a substantially wider spread than previous similar deals.

Banco ABC Brasil has become the fourth Brazilian lender and sixth Brazilian issuer to launch a tender offer for existing debt in the last month as low dollar prices make bond buybacks attractive.

With macro factors causing investors to expect the US Federal Reserve to delay rate hikes, the looming earnings announcement cycle has come into focus for volatility traders.

Low yields may have resulted in the first SSA fatality of the year after the Province of Ontario was forced to pull a 10 year euro benchmark on Monday. But some bankers suggested the issuer was simply unlucky.

With the world’s top financiers and policy makers ready to descend on Lima for the annual meetings of the IMF and World Bank this week, Peruvian finance minister Alonso Segura has said that the South American sovereign is likely to issue more frequently in international bond markets.

Brazilian meatpacker Marfrig Global Foods has hired Braskem’s popular head of investor relations to lead its investor relations and strategic planning departments.

After a year of solid performance, a spike in volatility across multiple asset classes helped some derivatives fund managers to put in a strong performance last month.

Two Mexican borrowers are aiming to reignite Latin America primary markets next week after a volatile few days left the region’s bulging pipeline blocked, according to bankers on the deals.

Five Brazilian borrowers have tender offers underway on dollar bonds as those issuers with the cash to spare are taking advantage of rapid drops in secondary market prices.