Latin America - All Articles

  • Mexico proves 20 year worth to continue proactive LM strategy

    Mexico cleaned up a chunk of short-term debt maturities on Tuesday with a $3.26bn 2041 bond. The country’s deputy finance minister told GlobalCapital that the sovereign had decided to act fast to issue amid expectations that US Treasury yields will widen further.

    • 08 Apr 2021
  • Suriname creditors back latest debt deferral

    A group of institutional investors owning international bonds issued by Suriname have agreed to grant the South American sovereign a third debt payment standstill after the issuer modified the terms of a consent solicitation.

    • 08 Apr 2021
  • Arg, Mex seek support for 'forgotten' middle-income countries

    Mexico’s deputy finance minister Gabriel Yorio told GlobalCapital on Wednesday that a block of Latin American countries was forming to ensure that the plight of middle-income economies was not forgotten as the world looks for ways to alleviate financial pressures on developing countries.

    • 08 Apr 2021
  • Mexico joins 20 year club with new issue set to reach $3.26bn

    Mexico on Tuesday became the second Latin America sovereign to use the 20 year US Treasury bond as a benchmark for a new issue, initially raising $2.5bn of 2041 notes to finance a tender offer. Later in the evening, the sovereign said it would likely increase the size of the 2041s to $3.26bn, with holders of old bonds set to switch into the new notes.

    • 07 Apr 2021
  • Geopark to seek new funding for bond buyback

    Latin American oil and gas company GeoPark may return to bond markets in the near future as it looks to finance a tender offer for up to $255m of its $425m of 6.5% senior unsecured 2024s.

    • 07 Apr 2021
  • Chilean car seller set for Chapter 11 after missing coupon

    Automotores Gildemeister, the distributor of Hyundai cars in Chile and other South American countries, is set to file for bankruptcy with the support of its bondholders after missing a coupon payment on its $510m senior secured 7.5% 2025s on April 1. The process is set to reduce the company’s debt by $200m, said the issuer

    • 06 Apr 2021
  • CMPC reaffirms SLB benefits amid rates volatility

    Empresas CMPC, the Chilean pulp and paper producer, priced a sustainability-linked bond inside its curve on Wednesday, leaving no doubt that Latin American issuers can still garner a material pricing benefit from ESG debt, even as emerging market bonds feel the pressure from US Treasury volatility.

    • 01 Apr 2021