Lat Am shows discipline as HY issuer fortunes vary

Banco de Bogotá, Bogota, Colombian peso, Colombia
By Oliver West
20 Jul 2017

Colombian payroll lender Credivalores had to widen pricing on its new bond on Thursday as bankers said that, despite the strength of the market, investors were not willing to buy anything and everything.

B+/B+ rated Credivalores had released initial price thoughts of mid to high 9% area on Tuesday for a $300m five year non-call three trade pencilled in for Thursday. 
But despite some investors saying they liked the pick-up on offer to Mexican issuers operating in similar sectors, and although one ...

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