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Emerging MarketsEM LatAm

'Ideal candidate' Total Play reopens Lat Am as sovs line up

Ricardo Salinas Pliego, Mexico, TV Azteca, Total Play, LatAm, billionaire, 575

Latin American bond bankers said that B2/BB- rated Mexican telecoms company Total Play Comunicaciones was the ideal name to take advantage of a swell of risk appetite on Monday as the company sold its first ever international bond in a market that favoured higher yielding credits amid the sell-off in US Treasuries. But Lat Am sovereigns could be back as soon as Tuesday as bankers expect a wave of issuance from the region.

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