LatAm Bonds

Argentine state oil company YPF is set to provide arguably the biggest test yet of investor demand for Argentine peso-denominated paper.

Brazilian development bank BNDES surprised some bond market bankers by opting not to issue its first ever green bond the day after its roadshow ended. But conditions appear ripe for the deal when it does arrive.

Guatemalan electricity distributor Energuate’s heavily oversubscribed debut bond closed two points above reoffer on the day of pricing to cap a hectic week in Latin American new issue markets.

Moody’s downgrade of Trinidad and Tobago this week turned the two island nation into a crossover credit and left the Caribbean with no investment grade sovereigns.

Energy company Orazul Energy Egenor, the Peruvian arm of Orazul Energía, took advantage of a cash-rich Lat Am bond market and scarcity of Peruvian issuance to sell $550m of 10 year bonds on Tuesday.

Chilean transmission company Celeo Redes is planning to issue up to $359.2m of senior secured bonds due in 2047, according to rating agencies, after it mandated a trio of banks to lead the deal.

Argentine lender Banco Macro will begin meeting fixed income investors today ahead of a planned fixed rate peso-linked bond.

Argentina’s third largest private sector bank has pencilled in the pricing of a $300m-equivalent peso-linked note for May 2, according to a regulatory filing made on Friday.

The week after the IFC and Amundi announced plans for the largest dedicated green bond fund in emerging markets, Brazilian bank BNDES will meet investors ahead of a potential green debut.

The success of Argentine province Neuquén’s $366m bond issue on Thursday left bankers confident that the Latin America bond market was more than capable of taking on the flurry of rare and debut issuers coming its way next week.

Capex SA, the Argentine electricity company, is planning a $300m bond sale with Standard & Poor's promising an upgrade should the borrower successfully be able refinance its forthcoming maturities.

Argentine province Neuquén priced a new bond that was more than six times subscribed on Thursday as investors jumped into the first Latin American deal following the quiet Easter period.