Promerica nips through as uneasy Lat Am ticks over

Three Latin American bond issuers made it through new issue markets this week, but bond bankers were hardly confident about the prospects for the rest of the year, as investors remain uneasy about adding risk.

  • By Oliver West
  • 08 Nov 2018

Central American banking group Promerica managed to sell $200m of May 2024 bonds in line with initial price thoughts (IPTs) late on Thursday after a two day sale process, surprising several observers who had expected the deal to be pulled. 

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