LatAm Bonds

The chief financial officer of Avianca Holdings told GlobalCapital that he is in near daily discussions with export credit agencies (ECAs) to resolve two separate issues and thus allow the Colombian airline to return to bond markets to refinance a $550m bond maturing in May 2020.

Dennis Eisele will become Credit Suisse’s head of Latin American debt capital markets in August after he ended a 19 year stint Deutsche Bank, according to an internal memo seen by GlobalCapital.

Central American multilateral Cabei (Central American Bank for Economic Integration) has issued a request for proposal (RFP) for a potential first dollar benchmark since 2012, Latin American bond market participants told GlobalCapital.

Spreads on Latin American bonds widened sharply on Friday after US president Donald Trump said he would enforce tariffs on Mexican imports, with recent issues from the region losing ground.

Chile is looking to become the first sovereign from Latin America to issue a green bond, finance minister Felipe Larraín said on May 30.

The Dominican Republic’s second global peso bond issue helped it raise $2.5bn in tough markets on Wednesday via a dual currency offering.

Brazilian meatpacker Marfrig will repurchase more than half of its $1bn 2023s as well as another slither of its highest coupon bond after wrapping up a tender offer, the company said on Tuesday.

Cielo, the largest merchant acquiring and payment processing company in Brazil, is looking to raise a new domestic bond to finance the buy-back of a portion of its only international bond.

Holding company Ultrapar, one of the five largest conglomerates in Brazil, will meet bond investors after the long weekend in the US as it looks to test Lat Am high yield appetite.

Gran Tierra Energy, the Canada-listed oil and gas company that mostly operates in Colombia, ventured into bond markets for the second time this week to sell $300m of debt at a pick-up to its existing notes.

Guatemala battled difficult market conditions on Thursday to issue its first 30 year bond since 2004 as part of a dual-tranche issue as investors continue to seek long-dated paper.

Latin America bond bankers hope that more Mexican companies will look to sell new debt after Televisa clinched a tight price for its 30 year bond this week to wake up the country’s dormant primary market.