LatAm Bonds

Argentine pipeline company Transportadora de Gas del Sur (TGS) became the first Latin American company in several weeks to find itself overwhelmed with orders as six high yield corporates tapped the dollar markets in two days.

Colombian financial holding company Gilex will look to price an inaugural international bond on Wednesday after setting guidance on Tuesday, more than a month after meeting investors.

Banco Regional, the Paraguayan bank focussed on the country’s agricultural and livestock sectors, is planning to meet international bond investors as it looks to refinance an existing cross-border bond.

Crédit Agricole is opening representative offices in Colombia and Chile, the lender said on Monday, as its looks to improve strengthen client relationships in the countries.

Carlos Vargas, most recently a managing director in Mizhuo’s Latin American debt capital markets team, has joined Oppenheimer & Co also as a managing director covering Lat Am DCM, GlobalCapital understands.

Petroquímica Comodoro Rivadavia (PCR), the Argentine energy company, will hit the road on Wednesday ahead of a planned debut international bond sale, with compatriot and peer company Capex expected to provide the closest comparison.

Argentina’s new issue pipeline is showing further signs of picking up, with the Province of Córdoba understood to be weighing up the possibility of a return to markets, according to bond players.

Latin America’s only new issue of the week was down in the grey market on Thursday, despite investors singing the praises of the credit as bankers said the region’s bond markets were struggling to gain momentum in the face of bulging pipeline.

Three Argentine companies are preparing off-shore bond issues and others continue to approve bond shelves as a near three month break in new issue activity from the country could soon come to an end.

Peruvian retail group InRetail is set to send a subsidiary to bond markets for the second time in a month as its pharmacy arm InRetail Pharma plots a $550m debut issuance.

Argentine gas pipeline company Transportadora de Gas del Sur (TGS) has pencilled in April 24 for its international bond market return as it looks to refinance its existing dollar bonds.

Seven Latin American companies announced borrowing plans this week, looking to issue before fourth quarter numbers go stale even as market conditions are far from ideal.