Brazil

Brazilian company Suzano Papel e Celulose, which sold green bonds both internationally and domestically this year, is keen to issue more green bonds when it has eligible projects to fund, according to the company’s CFO.

Brazilian steel company Usiminas has extended the deadline for bondholders to waive the negative pledge covenant in its 7.25% dollar-denominated bonds due 2018.

Brazilian telecoms giant Oi said on Monday morning that it would “carefully analyse” a restructuring proposal by bondholders after meeting Moelis, which is representing creditors, and a potential new investor on Friday.

EM bond investors appeared unalarmed by the doom and gloom that rating agencies cast upon Latin American corporates this week.

It’s that time of year when analysts dust off their crystal balls and make predictions for the next 12 months. In December 2015 not many were forecasting that Britain would vote to leave the EU, and even fewer were betting on a Donald Trump presidential victory, so investors would be wise to treat such missives with caution. Political risk is a capricious beast, even for the most seasoned market observers.

Fitch said on Tuesday that there would be “no respite” for Latin American corporates in 2017 after record high defaults this year, although not all bond investors share the rating agency’s gloom.

Things may finally be looking up for Odebrecht Engenharia e Construção (OEC), the engineering and construction arm of Brazilian conglomerate Odebrecht, after it came to a leniency agreement with Brazilian, US and Swiss authorities regarding its involvement in the Lava Jato corruption scandal.

Pulp and paper producer Suzano has sold its second green bond and the first in Brazil’s domestic markets.

Pulp and paper producer Suzano has sold its second green bond and the first in Brazil’s domestic markets.

Brazilian steel company Usiminas, which restructured its bank loans and domestic debt in September, has said it will attempt an exchange of its dollar 2018 bonds, which were not part of the restructuring.

trueEX, the interest rate swap trading platform, claims to be the first swap execution facility to execute dealer to client Brazilian real interest rate swaps.

The vice-president of the New Development Bank, Paulo Nogueira Batista Junior, tells GlobalMarkets how his institution is lending on projects and issuing green bonds in line with the increasing concern with environmental issues