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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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Big name issuers finally return but aggressive approach unsustainable as aftermarket underwhelms -
Investors happy to hold consistently improving credit
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Chilean company is the first LatAm issuer to link coupon step-ups with green use of proceeds in one deal
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Rare Latin American corporate mandate could open a window for others
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Illiquid secondary markets are a flimsy indicator of risk appetite. EM needs primary action for investors to gain conviction
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Eager investors appear willing to ignore hawkish signs with more borrowers likely to contemplate bonds
