Central America

Central America’s largest electricity distribution company could make its debut in international bond markets next week after mandating three banks to arrange an investor roadshow.

A glimpse of the future has arrived with the publication of a report modelling the credit risk banks face from drought. The effect on loan portfolios could be severe — and the research illustrates the new kinds of risk management banks will have to do as the world’s climate becomes more volatile.

Bond investors were sanguine on Central American sovereign El Salvador’s international bonds even as they took a battering in secondary markets this week in the wake of a default on domestic debt.

Global investment firm Stanhope Capital has appointed Mexico’s former finance minister to its advisory board.

Mexican textiles producer Grupo Kaltex is on track for a dollar market debut after wrapping up an international roadshow on Tuesday.

Mexican development bank Nacional Financiera (Nafin) continues to look at funding opportunities in niche currencies after selling its first ever public Japanese yen-denominated bond this week, according to the lender’s funding head.

Moody’s gave the world’s largest operator of McDonald's franchises a lift as it prepares to return to bond markets with a $300m 10 year deal.

Mexican development bank Nacional Financiera (Nafin) has priced its first ever Japanese yen-denominated bond, according to bankers close to the deal.

Central American retail group Unicomer saw its newly issued seven year non call four bonds jump around three points in secondary markets on Tuesday as traders said retail and private bank investors sought to get their hands on the paper.

Mexican development bank Nacional Financiera (Nafin) will look to price its first ever Japanese yen deal this week.

Mexico’s followed its long awaited return to dollar bond markets with a solid performance in secondary markets on Friday as the sovereign wrapped up a liability management exercise.

Mexico issued in dollars for the first time since the US presidential elections on Thursday. Bankers said the sovereign had been able to take advantage of an improvement in market sentiment based on hopes that US president Donald Trump’s policies towards the country might not be as harsh as feared.