LatAm unleashes supply to hungry market

carnaval
By Oliver West
03 Apr 2014

Huge oversubscriptions for borrowers ranked from single A to triple C helped LatAm to its second busiest week of bond supply all year, before any potential deals on Friday. LatAm investors had been starved of new deals in February and saw patchy new issue activity in March.

BBVA Bancomer and Kimberly-Clark de México brought A-grade paper to investor pockets on Thursday but before then dollar supply had come from high yield names JBS (see separate story), YPF (see separate story), Avianca and Banco Agromercantil with crossover sovereign Costa Rica also fetching a blow-out book just ...

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