LatAm issuers tread water, await stability
With the exception of Mexico’s $2bn blowout (see previous page), the Latin America bond market remained quiet this week as issuers awaited resolution on the Greek bond swap and the release of non-farm numbers in the US on Friday.
Brazilian mall operator General Shopping had been on the road in Europe and the US marketing a perpetual NC5 subordinated deal but by Thursday lunchtime there was no indication as to whether the Ba3/BB- issuer would attract sufficient demand at the mooted 12% level.BofA Merrill Lynch and ...
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