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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
Brazil is preparing its first visit to the euro market in over a decade
First trade from a LatAm corporate since the outbreak of war in the Middle East
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Dutch lender ING has hired a director to focus on Latin American and high yield debt capital markets origination as part of its recently launched global capital markets Americas group.
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Brazilian utility Cemig will test appetite for high yield issuance in Latin America on Thursday after it approached investors about the possibility of tapping of its existing dollar bond.
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Gas Natural de Lima y Callao, the largest gas distribution company in Peru, has received its second rating upgrade of the year after Moody’s pushed the borrower up by one notch to Baa2.
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Faro Energy, which develops solar energy projects in Brazil and Colombia, has sold a green bond to finance distributed solar power projects, said the Climate Bonds Initiative (CBI).
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Though market tone has shown a marked improvement over the last week, Lat Am bond buyers say that they are not expecting to see much new supply until September — and nor do they want any.
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Colombian utility Empresas Públicas de Medellín (EPM) saw its bond prices slide at the end of last week after the environmental licencing authority issued a resolution appearing to suspend certain activities at the landmark Ituango hydroelectric project.