Lat Am corps brush off covenant debate to jump on scarcity
Four private sector corporates from Latin America sold dollar denominated bonds this week, although borrower-friendly market conditions were not enough to allow the issuers to get away with more aggressive covenant language.
Raizen, Aerodom and Genneia on Thursday followed up Fibria Celulose’s successful issuance on Wednesday, with the four of them raising $1.85bn.
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