LatAm Bonds
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The consortium constructing Paraguay’s portion of the Bioceanico highway, which will connect the Pacific and Atlantic oceans across South America, hit screens on Wednesday announcing a bond to finance construction. -
A coup attempt in Venezuela has rekindled hopes among investors that president Nicolás Maduro will cede control to the opposition regime. The development drew the spotlight away from Argentina’s spiralling currency.
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The Netherlands Development Finance Co (FMO) has printed its debut note linked to the Haitian gourde. FMO is looking at investing further in the Haitian market, said a treasury officer.
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More than half of Santander’s profits came from Latin America and the US in the last quarter, amid a plan to make savings in Europe and expand across the Atlantic.
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Argentina’s central bank has abandoned its promise to allow the peso to trade freely within a range and has received approval from the IMF to use its foreign currency reserves to intervene.
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Brazilian meatpacker Marfrig will meet US bond investors next week as it looks to take condition of plentiful demand for assets to finance a buy-back of existing bonds.
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Latin American bond buyers finally had some proper supply to soak up demand after two weeks without the kind of paper that tends to attract EM investors.
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The US business of Brazilian meatpacker JBS gained further traction in bond markets this week as it looked to improved its liquidity position with its second bond issue of the month on Tuesday, part of a liability management exercise.
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Santander creates new sales role — Barclays origination banker leaves — Algomi co-founder helps another fintech
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Two companies could bring some life to Latin American bond markets on Thursday amid a quiet period for new issues despite apparently supportive conditions.
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Chilean firm Moneda Asset Management, one of the most important investment houses in Latin America, has appointed its head of institutional clients as CEO after Antonio Gil Neivas resigned to join Stanford University’s executive programme.
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The US business of Brazilian meatpacker JBS continued to improve its liquidity position with its second bond issue in April on Tuesday. It reopened three existing bonds as part of a liability management exercise.
