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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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LatAm supra has now raised more in Swiss francs than in any year since 2015 -
The sovereign first presented the framework to Japanese investors in 2020
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Pan-Latin America power company will spend up to $200m prepaying debt
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Despite better markets, few expect issuance volumes to recover from lowest levels in years
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Sovereign's bondholders preferred to keep longer dated bonds
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Government finds conditions sufficiently attractive to refinance 2024s
