LatAm Bonds

Peruvian power generator Cerro del Aguila attracted more than $3bn of orders for its inaugural Eurobond on Wednesday.

Investor interest in the second leg of Chilean copper miner Codelco’s tender offer has been strong, with almost $1bn of bonds tendered by the early bird deadline.

Argentine company MSU Energy is considering approaching international bond markets for the first time, credit analysts in Buenos Aires say.

Two Panamanian companies sold rare bonds from the country on Tuesday, taking advantage of pricing off one of the tighter sovereign curves in Latin America.

Mexican broadcaster TV Azteca achieved impressive size and pricing and a strong secondary market performance when it sold its first bond in four years this week, brushing off investor concerns about its history and potential low liquidity.

The Republic of Colombia found conditions too good to resist this week, raising $1.4bn of 10 year bonds on Wednesday to complete its international funding for the year and prefund some $900m of next year’s needs.

Exceedingly good conditions enticed Colombia to the bond markets on Wednesday for an earlier than usual second dollar issue of the year that came with a single digit new issue premium.

Cerro del Aguila, the Peruvian power generator, began investor meetings on Wednesday ahead of a planned international bond debut that will conclude with the merger of the borrower and existing bond issuer Kallpa Generación.

Leads on Mexican broadcaster TV Azteca’s planned $350m seven year non-call four bond told investors on Tuesday evening that orders had reached $800m, as it looks to price the bond on Wednesday.

The rarity of corporate new issues from Panama allowed both lender Banco General and the capital city’s metro operator to price bonds tight to the sovereign curve on Monday.

China Resources Land plans to issue its first mortgage or management fee-backed securities by the end of 2017, chief financial officer James Yu has told GlobalCapital Asia's sister publication GlobalRMB.

Codelco, the Chilean copper miner that raised $2.75bn of debt last week to fund a tender offer of several bonds, will buy back just over half of its 2019s, 2020s and 2021s after wrapping up the so-called “any and all” leg of the tender offer.