Top Section/Ad
Top Section/Ad
Most recent
The outcome from a fiscal policy perspective is 'binary', said an emerging markets debt investor
One Brazilian company printed in a tricky period for the country's corporate borrowers
Rede D'Or rode over investor concerns about the health of Brazilian corporates, while Edenor landed its first benchmark bond
Books for the jumbo €5bn deal were more than three times subscribed
More articles/Ad
More articles/Ad
More articles
-
Argentine oil and gas company YPF has launched an exchange offer for all of its $6.228bn of outstanding international bonds, taking advantage of a new central bank rule that enables companies to issue bonds guaranteed by export receivables. The proposed exchange bonds would not pay interest until 2023, and Fitch said the deal qualifies as a distressed exchange under its criteria — even though investors will end up owning more bonds than they started with. -
Latin America’s largest e-commerce company MercadoLibre and Mexican cement maker Cemex kept up the hectic conditions in the LatAm primary bond market on Thursday, with the huge order book on MercadoLibre’s inaugural bond issue the clearest indication of risk appetite among EM buyers.
-
Emerging markets issuers of all flavours ignored convention and stormed into primary bond markets this week, with great success. Renewed warnings about increasing debt ratios in emerging nations were no match for an extraordinarily supportive technical picture as investors piled into deals — even as Democratic victories in US Senate run-offs pushed rates higher. Mariam Meskin and Oliver West report.
-
Mexican non-bank lender Crédito Real began investor calls on Wednesday as it looks to take advantage of highly liquid bond markets to partially refinance a bond maturing in 2023, and simultaneously align the covenant packages on all of its senior unsecured bonds.
-
Latin American DCM bankers hailed Brazilian paper company Klabin’s first sustainability-linked bond (SLB) as an encouraging sign for the ESG debt market in the region, as a huge order book allowed the issuer to tighten by 55bp from initial price thoughts and land well inside its curve.
-
Bankers said that Brazilian bank BTG Pactual achieved tighter pricing on its green bond than it would have done on a conventional bond, after it became the first Latin American private sector bank to issue such a benchmark in US markets.
