LatAm Bonds
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South American sovereign Argentina is looking to issue euro denominated bonds towards the end of this month, finance minister Luis Caputo said on Wednesday. -
Investors in and brokers of Venezuelan bonds say that the government is looking to sell up to $5bn of 6.5% bonds due 2036 that were issued at the end of last year but have remained in the hands of the central bank.
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Peruvian state-owned oil company Petroperu will issue bonds maturing in between 15 and 30 years, said Standard & Poor’s, as the company meets investors.
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Three consecutive sole bookrunner mandates in Latin America have left Citi flying at the top of both the LatAm and the EM bond bookrunner charts.
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South American sovereign Uruguay is meeting international investors ahead of a planned Uruguayan peso-denominated fixed rate bond issue.
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Bond investors appeared unenthusiastic about the pricing on offer in this week’s Latin American new issues as two high yield sovereigns clinched tight deals.
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Goldman Sachs sparked the ire of Venezuelan opposition supporters and several bond investors this week as it bought $2.8bn of PDVSA bonds at a hefty discount that put the yield at 40%.
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Central American sovereign Guatemala sold $500m of dollar bonds on Wednesday in a deal that came roughly flat to its curve.
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Ecuador attracted $4.2bn of orders on the way to a $2bn bond sale on Tuesday as bond investors continue to lap up the small South American country’s hefty debt issuance.
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Moody’s followed Standard & Poor’s in placing Brazil’s credit rating on negative outlook on Friday, but both agencies have reaffirmed Petrobras’ rating as analysts say they expect the state-owned oil company to gain ground on its sovereign parent.
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The Province of Buenos Aires gave a taste of the possibilities available in Argentina’s domestic market on Tuesday with an innovative peso bond targeted at international investors that left the province’s undersecretary of finance more than satisfied.
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Autopistas del Sol, the concessionaire of Costa Rican highway Globalvia Ruta 27, sold $300m of 13.6 year amortising bonds on Wednesday as Latin America new issue markets continue to function despite political turmoil in Brazil.
