Corporate duo tighten to feed Lat Am buyers

Klabin, rainforest, wood, pulp, paper, forest, Brazil, LatAm
By Oliver West
25 Apr 2019

Latin American bond buyers finally had some proper supply to soak up demand after two weeks without the kind of paper that tends to attract EM investors.

Chilean pulp and paper company Celulosa Arauco and Panamanian debutant Empresa de Transmisión Eléctrica (Etesa) together issued $1.5bn of new bonds on Thursday, achieving strong pricing dynamics despite a volatile day for some EM assets.

“We’ve seen trades from Lat Am names such as América Móvil and JBS USA ...

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