Brazil taps with style, Mexico makes splash

06 Jan 2012

Brazil and Mexico kicked off a bumper week in Latin American bond markets with a pair of sovereign issues that priced within hours of each other on Tuesday. Others to follow later in the week included the first trades since 2010 from Brazil’s Vale and Chile’s Arauco.

Brazil was first into the market with a $700m tap of the borrower’s January 2021s that attracted $3.6bn of orders in less than two hours.

Pricing started at 160bp over Treasuries with an initial target of $500m but strong early demand encouraged the bookrunners to revise guidance to plus ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.