Latin America

  • Colombia wraps LM to get ahead of uncertainty

    Colombia wraps LM to get ahead of uncertainty

    Colombia’s public credit head told GlobalCapital that the sovereign had wanted to move quickly to get ahead of potential volatility as it printed $2.84bn of new bonds this week as part of a liability management operation. The official said that the early-year sell-off in US Treasuries had not tainted what was a strong issuance window.

  • Lat Am storms back with Thursday quartet

    Lat Am storms back with Thursday quartet

    Four heavily oversubscribed Latin American new issues fetched tight pricing on Thursday, dispelling the unease felt at the week’s start and putting the region firmly on track to fulfil the predictions of record primary volumes for a January.

  • Colombia to stay local for green debut, plots govvie ETF, social bond

    Colombia tapped international bond markets for the first time since June this week. But its domestic bond market — which is 25% owned by foreign investors — could be in for a busier year, as the sovereign is set to turn to pesos for its debut green bond in July. It is also laying the ground for a social bond and a government bond ETF.

  • Mexico lines up euro LM

    Mexico lines up euro LM

    Just over a week after it reopened EM bond markets with a dollar deal, Mexico is turning to euros for a dual tranche new issue as part of a liability management exercise.

  • Colombia, Itaú tighten but Lat Am bankers sense waning momentum

    Colombia, Itaú tighten but Lat Am bankers sense waning momentum

    Two of Latin America’s most established borrowers, the Colombian sovereign and Brazilian bank Itaú, returned to international bond markets on Tuesday. Though both issues were priced roughly as expected, bankers on and away from the trades said there were signs that Lat Am’s roaring start to 2021 was losing steam.

  • YPF bondholders mobilise against exchange offer

    YPF bondholders mobilise against exchange offer

    Holders of bonds issued by Argentine state oil and gas company YPF are seeking to form a creditor committee to block a proposed distressed debt exchange that analysts say is unlikely to gain much traction with creditors.

  • Brazil’s indigenous people to Fink: stop financing Amazon destruction

    Brazil’s indigenous people to Fink: stop financing Amazon destruction

    The Association of Brazil’s Indigenous Peoples has written an open letter to BlackRock’s CEO Larry Fink, who is expected to publish his annual letter to stakeholders this week. Apib wants BlackRock to end what it calls its “complicity” in the destruction of the Amazon rainforest, and to consult indigenous people as it finalises its new policy on biodiversity and deforestation.

  • Brazilian trio to extend Lat Am ESG surge

    Brazilian trio to extend Lat Am ESG surge

    Six of the 11 Latin American borrowers to have priced or announced new cross-border bonds so far in 2021 have opted to show off their ESG credentials while doing so — either through dedicating the use of proceeds or by issuing in the more novel sustainability-linked format. Brazil is leading the way, with three further mandates on Monday.

Latin America News Archive