BBVA

Parque Reunidos, the leisure parks operator, on Monday announced what it hopes will be the largest Spanish IPO for over a year, in a bid to reduce debt and begin to make an exit for private equity owner Arle Capital.

Car parts distributor LKQ is set to become the first US company this year to issue a high yield bond in euros — and more US names may be on their way, bankers say.

A boost in deal activity in March has brought Latin American year-to-date new issuance volumes back to parity with 2015 as the end of the first quarter draws near, according to Dealogic.

Latin American borrowers are flocking to European bond markets like never before with Mexican beverage group Femsa and the Republic of Colombia the latest to join the trend this week.

There was little sign of post-AB InBev indigestion in the corporate market on Thursday as Energias de Portugal issued a €600m seven year bond.

GlobalCapital announces the results of its Equity Capital Markets Awards for 2015, following our inaugural ECM Awards Dinner, in London on March 16.

Latin American euro denominated issuance looks here to stay, no matter the arguments made against it by US bankers, after Colombia sold its first bond in the single currency since 2001 on Wednesday.

Beverage company Femsa became the third Mexican company in a week to sell euro denominated bonds on Monday, jumping on an ECB-driven rally in credit markets to sell €1bn of seven year paper.

BBVA priced a well oversubscribed €1.25bn seven year with barely any new issue concession and a long way through the Kingdom of Spain’s spread.

Cemex tightened its latest deal by over 50bp from initial price thoughts as the Mexican cement company was rewarded for a conservative starting strategy with a well-oversubscribed book.

Fomento Económico Mexicano (Femsa) has mandated three banks for its debut euro denominated bond, which it will roadshow next week around the European Central Bank policy meeting.

Not all emerging markets bond bankers may agree with the strategy — with certain deal-hungry New York dealers particularly vociferous in their opposition — but Latin American sovereigns are placing increasing faith in the euro market for their international funding, writes Oliver West.