Colombia, Itaú tighten but Lat Am bankers sense waning momentum

Two of Latin America’s most established borrowers, the Colombian sovereign and Brazilian bank Itaú, returned to international bond markets on Tuesday. Though both issues were priced roughly as expected, bankers on and away from the trades said there were signs that Lat Am’s roaring start to 2021 was losing steam.
Having held investor calls on Monday, Itaú sold $500m of tier two bonds from its sustainability finance framework in the first subordinated ESG deal from a Latin American institution. And Colombia reopened its 2031s for $790m alongside a new $1.3bn 2061 bond.
Yet after last week’s new issues had
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