Corporates queue after BNDES reopens LatAm
Several Latin American companies are lining up to issue debt after BNDES reopened the market on Tuesday with a deal that took full advantage of January liquidity and positive perceptions of Brazil. At a launch yield of 5.63%, on guidance of 187.5bp over Treasuries, the agency’s $1bn 10 year issue was priced aggressively, according to bankers.
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