Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Emerging markets issuers are pumping out mandates, with the buy-side showing little sign yet of closing shop for the year, but investors are not throwing cash at everything. -
Mexican retailer Grupo Famsa has pushed out the early-bird deadline on a distressed debt exchange, saying it wants to give bondholders more time to analyse its proposal.
-
Brazilian steel producer Gerdau could return to the international bond market this week for the first time in over two years, looking to take advantage of strong performance in its bonds and positive sentiment surrounding Brazil.
-
As of Thursday afternoon, pricing on a duo of Brazilian high yield credits looked set to be pushed to Friday, as investors in Latin American bonds were given the rare chance to get stuck into some riskier names.
-
Bankers said that Itaú Unibanco’s proposed tier two dollar deal was “exactly the kind of paper people want to buy” as the Brazilian lender lined up investor meetings in the wake of the Brazilian sovereign’s successful first ever dual tranche dollar deal.
-
Market participants expect Costa Rica will have little trouble completing a crucial bond issuance next week, with the lack of high yielding sovereign assets in Latin America expected to favour a country that has worked to improve its outlook this year.
