Lat Am new issues get tight as HY sovereigns price

By Oliver West
01 Jun 2017

Bond investors appeared unenthusiastic about the pricing on offer in this week’s Latin American new issues as two high yield sovereigns clinched tight deals.

Guatemala sold $500m of 10 year bonds and Ecuador raised $2bn in a dual tranche sale, as continued inflows into EM bonds make for highly favourable issuance conditions.

“It is incredibly difficult to achieve any kind of value in new issue markets at the moment,” said one EM portfolio ...

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