LatAm takes off as HY finds demand pockets

BEEF
By Oliver West
28 Mar 2014

Several well oversubscribed, dollar denominated deals proved the bullish predictions of DCM bankers right as investors sought yield in a region that has been light on new issuance.

Brazilian meatpacker Minerva was the latest to issue, printing $300m of perpetual notes on Thursday as Brazil’s downgrade proved no hindrance to tapping the market.

During a barren February, in which only Odebrecht from Latin America tapped dollar funds, DCM bankers insisted that markets remained open for most ...

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