LatAm Bonds
-
Argentine state-owned oil and gas giant YPF is planning to reopen its 10 year benchmark and sell a new long-dated bond to finance a buyback of existing debt, according to a regulatory filing. -
Meatpacker Minerva sold $500m of long 10 year notes on Tuesday to keep Brazilian high yield supply ticking over on a busy day for LatAm new issuance.
-
Brazil’s largest private sector bank jumped on strong momentum for Brazilian credits to sell $1.25bn of Basel III-compliant additional tier one bonds on Tuesday.
-
Argentine oil and gas company Tecpetrol became the latest Latin American issuer to radically tighten pricing on a bond sale as it made its $500m cross-border debut on Tuesday.
-
Brazilian bank BTG Pactual will buy back 30% of its existing perpetual bonds after strong participation by affiliates of the lender that hold the notes.
-
Brazil’s largest private sector bank Itaú is set to price its first Basel III-compliant hybrid perpetual note on Tuesday after setting initial price thoughts that bankers away from the deal described as “promising” for the borrower.
-
Brazilian meatpacker Minerva will wrap up investor calls on Tuesday as it plans a deal to finance a tender offer for existing bonds.
-
Alpha Holding, which specialises in consumer and SME lending in Mexico and Colombia, has named leads for a dollar bond.
-
Banco Votorantim kicked off a run of issuance from Brazilian banks with a Basel III-compliant additional tier one perpetual non-call five deal on Thursday.
-
Argentine province Rio Negro on Thursday became the 14th province — and 16th sub-sovereign — from the country to issue in international markets since the sovereign settled with holdout bond investors in April 2016.
-
Brazilian utility Cemig on Thursday notched up $1bn of seven year money well inside the expectations of many market participants, as bankers said LatAm funding conditions were as strong as ever.
-
Brazil’s largest airline, Gol, is set to return to bond markets boasting five consecutive quarters of positive cash generation just a year and half after a distressed debt exchange on which some bondholders took a hefty haircut.
