Lat Am borrowers flock on busiest day of year

By Oliver West
11 Jul 2019

Five Latin American companies and Caribbean-based Cable & Wireless (C&W) all sold dollar deals on Thursday, as borrowers jumped on improved expectations of a US rate cut and seemed to shrug off a sell-off in US Treasuries later in the day.

Alongside Telecom Argentina and Unifin Financiera (see separate stories), Chilean Latam Airlines, Brazil’s Usiminas, and C&W all announced deals first thing Thursday after US Federal Reserve chair Jerome Powell had indicated on Wednesday that a rate cut was coming. Colombia’s Empresas Públicas de Medellín (EPM) announced a dual-tranche ...

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