LatAm Bonds

Panama’s proposed second metro line is planning to sell $619m of senior secured debt boasting an effective sovereign guarantee, via an issuance vehicle known as SPARC EM SPC.

TV Azteca, the second largest Spanish language television producer in the world, is looking to raise new dollar debt just a few days after it said it would use pesos to prepay dollar notes due 2018.

Latin American business services company Atento and Panamanian lender Banco General will begin fixed income investor meetings on Monday ahead of planned dollar bond issuance.

Inversiones Atlántida, the 87% owners of Honduras’ largest lender Banco Atlántida, sold $150m of five year non-call three notes on Friday well inside where a better rated Lat Am financial name had sold bonds the day before.

Colombian payroll lender Credivalores had to widen pricing on its new bond on Thursday as bankers said that, despite the strength of the market, investors were not willing to buy anything and everything.

Argentine mortgage lender Banco Hipotecario said on Thursday that it had approved another $400m bond issuance, just after YPF clinched a long awaited return to dollar markets that impressed bankers.

South American sovereign Peru said it is unlikely to return to global depositary notes (GDNs) as a way of attracting international buyers into its local curve after selling its first ever Euroclearable Nuevo sol-denominated bond on Monday.

After S&P Global Ratings dumped two Chilean banks’ double-A ratings, fears have emerged that Swiss investors’ blossoming relationship with Chilean FIG debt will be stalled.

Bankers close to Colombian non-bank lender Credivalores said that the book on its proposed $300m debut international bond was “building very nicely”, with the issuer likely to print on Thursday, Colombian Independence Day.

Honduras financial holding company Inversiones Atlántida is on the road for the second time in a year, with a potential rating improvement on the way after S&P upgraded the Central American sovereign.

With a few weeks to go before asset managers begin their annual pilgrimage to the globe's beachfronts, the last few borrowers are slipping into the primary market before liquidity evaporates in the summer heat. Nostrum’s trade this week provided evidence of the slowdown in demand for risker credits.

Hong Kong-listed China Resources Land is returning to the Panda market on July 21 after a year-long absence. The company, which is hoping to raise Rmb5bn ($741m), will be the second red chip real estate issuer in two days to price a dual-tranche Panda deal.