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Andrade Gutierrez cancels tender, plans revised deal
Brazilian engineering and construction firm Andrade Gutierrez has cancelled the buy-back of its bond maturing in 2021 after failing to sell a new five year bond, saying it expects to announce a revised transaction soon.
19 Nov 2019 -
Suriname eyes dam funding as 2026s slip
South American sovereign Suriname is looking to raise $150m of 18-month debt in bond markets to fund the transfer of a dam that the government believes can significantly improve public finances. But the issuer’s only outstanding international bond is tumbling in secondary markets, say investors.
18 Nov 2019 -
Investors hoping to get in early on Brazil
Some Brazilian bankers may be dumbfounded that their country and its highly unpopular president is considered a safe haven, but hope that Latin America’s sleeping giant is on the cusp of an upswing is driving demand for the country’s issuers amid social unrest elsewhere in the continent.
14 Nov 2019 -
Cemex book booms on dollar return to continue LM
Mexican cement company Cemex attracted nearly $4bn of orders on the way to a first dollar deal in three years on Tuesday. Bankers said the company’s active debt management was gaining a strong following.
14 Nov 2019 -
Costa Rica to seek approval for more bonds as new debt trades up
Just two days after completing the country’s largest ever international bond issue, Costa Rica’s finance ministry said it would seek approval for a further $4.5bn of issuance once the new minister takes office at the end of the month.
14 Nov 2019 -
CAF returns to euros with green debut
South American development bank Corporación Andina de Fomento said that 61% of orders for its inaugural green bond in public markets, issued on Wednesday, had come from environmental, social and governance (ESG) and green portfolios.
14 Nov 2019 -
Green buyers drive CAF euro return
South American development bank Corporación Andina de Fomento (CAF) said that 61% of orders for its inaugural green bond in public markets, issued on Wednesday, had come from ESG and green portfolios as the issuer raised €750m of euros.
14 Nov 2019 -
Itaú notches oversubscription on T2 return
Brazilian lender Itaú raised $750m of tier two notes on Wednesday, its first ever issue of Basel III-compliant tier two bonds in the international market.
14 Nov 2019 -
‘Refi machine’ Cemex pushes inside guidance
Mexican cement company Cemex’s debt management continues to earn it strong pricing as its first dollar deal in three years landed inside even where some bankers on the trade were expecting.
13 Nov 2019 -
Costa Rica beats pricing expectations on bond return
Central American sovereign Costa Rica left some analysts wondering where they would find value in the market after tightening pricing well inside pre-deal expectations.
13 Nov 2019
