Price tension hits LatAm but new deals pull through

By Oliver West
11 Sep 2014

Latin American borrowers selling new bonds in a market that appears to be backing up after a strong summer could be a sign that issuance conditions are only going to get worse, DCM bankers said on Thursday.

Some issuers seemed to deal with volatility better than others, but even those whose deals were praised admitted they had more pushback on price than they might have expected even a week ago.

Central American sovereign El Salvador (Ba3/BB-/BB-) was the latest to issue — selling $800m of ...

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