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Issuers struggle over what concessions investors will require
Issuance in March was never going to be hefty after a record start to the year
Government borrowing costs are rising on local and international markets, and credit ratings are falling
Sovereign also added $300m to a long-dated dollar note
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The fuel supplier has earned multiple rating upgrades thanks to liability management exercises
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The best banks, issuers, deals and other market participants were awarded at a gala industry dinner in New York
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Creative sovereign bond structures should be used for debt sustainability, not short-term financial engineering
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◆ Why everyone from nuns to pro-coal US state treasurers are giving banks stick over ESG ◆ El Salvador's punchy new debt structure ◆ Appetite for duration in covered bonds
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LatAm primary on a roll but investors are fussier down the credit curve
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BTG Pactual, Movida and Nexa start investor calls in the wake of exceptional deals from Millicom, Votorantim Cimentos