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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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Country clinches first sovereign benchmark from the region since March -
Over 80% of bondholders agree to push out maturities
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Sovereign likely to solve oil company dispute but investors tired of negative headlines
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Analysts say creditors likely to hold out for better terms
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Not all distressed issuers will blow up as worst case scenarios already priced in, buyers hope
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Agency downgraded a third of LatAm governments during the pandemic
