LatAm Bonds
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Over 80% of bondholders agree to push out maturities
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Sovereign likely to solve oil company dispute but investors tired of negative headlines
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Analysts say creditors likely to hold out for better terms
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Not all distressed issuers will blow up as worst case scenarios already priced in, buyers hope
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Agency downgraded a third of LatAm governments during the pandemic
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Argentine energy name increases coupon on exchanged bonds
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There are technical reasons for such wide spreads, in particular very low liquidity
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First pure corporate deal from LatAm since May 10 but list of potential issuers ‘very short’
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Mexican firm to repurchase over 90% of only outstanding international bond
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Technical pressure leaves funds unwilling to take advantage of bargains
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Technicals continue to outweigh fundamentals, but there's a lot more at stake now
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Departure from Grupo Alfa means higher refi risk, says Moody’s