Central America

Mexican lender falls short of bond size target as late 2023 momentum fades

Sovereign draws in new investors as it raises $7.5bn to fund growing deficit

A late year rally in US Treasuries sparked optimism in a Latin American cross-border bond market that has been sluggish for two years. But GlobalCapital’s survey of senior LatAm bond bankers at 17 DCM houses shows observers are far from certain what the revival will look like and what will drive it.

Some votes could create volatility, but others should be straightforward

Longer maturity plays into sovereign’s IMF-mandated strategy to substitute expensive local debt for external funding

Sticker shock wearing off in LatAm is an encouraging and necessary omen

Spree of global local currency issuance is a reminder of a key strength in many countries in the turbulent region

Investors don’t like Mexico kicking the can down the road on Pemex, but are happy to take the same approach themselves. This is bad news for everyone

Burden on Mexico’s finances is huge and investors are beginning to focus on the next government’s stance on the company

Dominican Republic could be on the cards for LatAm supra after debuts in Paraguay, Costa Rica

Sovereign to start non-deal roadshow but peso deal a possibility

Carlos García Moreno wants telecoms group’s bonds to be the 'prime non-governmental asset' in Mexico