Latin America

  • Stars align for negative NIPs in EM despite fundamental worries

    Stars align for negative NIPs in EM despite fundamental worries

    Emerging market bond demand appeared near boiling point this week as a slew of borrowers priced new debt through their curves and even high yielding credits were able to stretch to longer maturities. While market participants acknowledged it surely cannot get any better than this and that conditions show little connection to economic reality, they are struggling to see what could sour sentiment in the near term. Mariam Meskin and Oliver West report.

  • Arg corporates face new hurdles as central bank limits dollar access

    Arg corporates face new hurdles as central bank limits dollar access

    Argentina’s recently restructured international bond curve looks further than ever from the 10% yield target that the finance minister had set. New currency controls aimed at halting the decline in international reserves have had a catastrophic impact on both corporate and sovereign bond markets, and are likely to spell major trouble in the long term, analysts say.

  • Bancomer patience pays off with record coupon

    Bancomer patience pays off with record coupon

    BBVA’s Mexican subsidiary made an opportunistic return to the international markets on Tuesday, raising dollar funding at a record low cost ahead of a bond maturing next March.

  • CAF ups dollar benchmark to $750m

    CAF ups dollar benchmark to $750m

    Latin American development bank Corporación Andina de Fomento (CAF) will continue to monitor its members’ needs before determining how much funding it has left to raise in 2020, but has covered the majority of its financing needs after increasing the size of a dollar benchmark, priced on Wednesday.

  • Bancomer notches lowest coupon from Lat Am bank

    Bancomer notches lowest coupon from Lat Am bank

    BBVA’s Mexican subsidiary, Bancomer, on Tuesday provided one of the clearest examples yet of the attractiveness of international bond markets for Latin American borrowers as it notched the lowest ever coupon on a dollar deal from a bank from the region.

  • Brazilian debutant to join Lat Am ESG deal rush

    Brazilian debutant to join Lat Am ESG deal rush

    South America’s largest corn-based ethanol producer, FS Agrisolutions Indústria de Biocombustíveis (FS), will look to become the latest Latin American borrower to sell a sustainability-themed bond as it proposes a green format for its international market debut.

  • Cemex cements popularity with tight 10 year

    Cemex cements popularity with tight 10 year

    Mexican cement producer Cemex sold its second dollar bond in three months on Monday, fetching lower pricing at a longer maturity than on its June outing as observers saw a slim new issue concession amid what one analyst called recent “insatiable” demand for the credit.

Latin America News Archive