Triple whammy for LatAm firms as buyers balk at prices

Three Latin American companies backed away from the dollar high yield market this week as investors pushed back on price in an atmosphere of renewed uncertainty over Greece.

  • 17 Feb 2012

On Wednesday, B2 rated Argentinian electricity company Edesa failed to get away a planned $65m issue, while deals from Brazilian airline Gol, rated B1/BB-/BB-, and the City of Buenos Aires were pulled the following day.

Syndicate officials said pricing was the main stumbling block for all three. "Investors are ...

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2 UniCredit 1,892.23 6 9.63%
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5 ING 1,374.07 4 7.00%