LatAm Bonds

The prime minister of Barbados told GlobalCapital’s sister publication GlobalMarkets that she hoped more vulnerable nations would adopt natural disaster clauses in their debt documents to protect themselves from climate events.

The current system of globalisation with the United States at its centre looks set to crumble and be replaced by a new global system anchored around China, leading economists have told GlobalMarkets

With Argentina's elections days away, the fate of the country’s $56bn International Monetary Fund bailout plan will depend on the attitude taken by Alberto Fernández, the odds-on favourite to be the next president, said bondholders.

Celulosa Arauco y Constitución, the Chilean pulp and wood panel producer, is looking to issue what it describes as a “sustainability” bond, as Chile’s focus on environmental topics spreads to the corporate world.

Yields on Ecuador’s sovereign bonds widened sharply this week after 11 days of mass popular protests drove the government to backtrack on plans to remove fuel subsidies. However, investors insisted it was not the end of the country's attempted recovery.

Ministers from Argentina are flying into Washington this week but with elections just days away, the fate of the country’s IMF bailout plan will depend on the attitude taken by Alberto Fernández, the odds-on favourite to be the next president.

Telecommunications Services of Trinidad and Tobago (TSTT) raised $300m in senior secured bonds on Tuesday.

Bond market participants had been mostly confident that Ecuador’s government could see out mass public protest and stick to IMF-supported measures designed to shore up public finances — until last Friday, at least. But bondholders could be in for a tough time after the government backtracked on these measures.

Colombian airline Avianca has pushed out the deadline on its bond exchange by two weeks as continues negotiations with its broader creditor base on a restructuring of its debt.

Latin American debt capital markets bankers say that the continued absence of Mexican retail and beverages conglomerate Femsa in primary markets could indicate lower risk appetite among investors as the year comes to a close.

One of the strongest credits in Argentina will seek to entice bondholders to push out maturities by turning a portion of its existing bond into cash and increasing the coupon on the remaining amount.

Colombian natural gas distribution company Promigas and Rutas 2 and 7, a securitization to finance a road in Paraguay, brought life to an otherwise subdued week in Latin American primary markets on Tuesday.