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Reform will be very painful, but worth it
Investors have praised the deal, and Pemex's spread to the sovereign has crunched tighter
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Both are high quality companies in difficult operating environments
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Hybrid issuance had all but disappeared in the last few years from emerging markets
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These products appearing again suggests the market is working for both issuers and investors
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Demand has been good for new deals during and after execution
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Oil company issues largest Argentine corporate bond in almost a decade to take out a July maturity
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Books reached close to $10bn but lost a few billion after tightening
Sub-sections
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa