Millicom, BRF find bid but Lat Am lull begins

Bogota, electricity, lights, power, GEB, EEB, Grupo Energia Bogota, LatAm, Colombia, 575
By Oliver West
22 Oct 2020

Two corporate deals on Monday and a tiny tap from a Paraguayan beef exporter on Wednesday were all investors had to choose from in Latin American primary bond markets this week as issuance remains light ahead of the US elections next month.

Monday’s deals from EM telecoms group Millicom and Brazilian food company BRF suggested there was still plenty of liquidity out there, with both achieving strong oversubscription and trading up on the break. But one investor said the market was “directionless”. 

“We seem to have occasional flurries of issuance but ...

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