Investors drawn to trio of Lat Am debutants

Tequila, treble, Mexico, LatAm, 575, trio
By Oliver West
19 Nov 2020

Bond buyers snapped up three debut issuers from Latin America in the space of two days this week, jumping at rare chances to add variety and — in certain cases — juicier yields to their portfolios.

Lat Am primary markets in 2020 have been dominated by sovereigns with extraordinary financing needs and corporate issuers taking advantage of low rates to refinance existing bonds. Investors have faced negative net supply even as they receive heavy fund inflows. This week’s deal flow was therefore a welcome ...

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