Caribbean

Jamaica has announced initial price thoughts on taps of its existing 6.75% 2028s and 7.875% 2045s as it looks to raise new cash to buy back existing bonds.

Peruvian power generator Cerro del Aguila attracted more than $3bn of orders for its inaugural Eurobond on Wednesday.

Jamaica could return to the dollar market as early as next week following the launch of a cash tender offer for four of the borrower’s outstanding bonds.

China Resources Land plans to issue its first mortgage or management fee-backed securities by the end of 2017, chief financial officer James Yu has told GlobalCapital Asia's sister publication GlobalRMB.

Hong Kong-listed China Resources Land is returning to the Panda market on July 21 after a year-long absence. The company, which is hoping to raise Rmb5bn ($741m), will be the second red chip real estate issuer in two days to price a dual-tranche Panda deal.

Marla Dukharan, group economist for the Royal Bank of Canada’s Caribbean operations, is to leave the bank on June 30 after six years, GlobalCapital understands.

Two high yield borrowers made it six Latin America new issues for the week as both the Dominican Republic and Argentine confectionary maker Arcor tap existing bonds at record yields.

Moody’s downgrade of Trinidad and Tobago this week turned the two island nation into a crossover credit and left the Caribbean with no investment grade sovereigns.

Kingsbridge, the holding company of cable TV service provider Asia Broadcast Satellite (ABS), has launched a $280m refinancing into general syndication.

The Dominican Republic raised $1.2bn of debt on Wednesday close to its curve, taking advantage of strong demand for Lat Am credit.

Dominican airport operator Aerodom’s move to use most of the proceeds from its upcoming debt issue to buy back existing bonds is credit positive, according to Standard & Poor’s.

Trinidadian generation company Trinidad Generation Unlimited (TGU) released initial price thoughts for a new bond with a 10 year average life on Wednesday.