LatAm Bonds

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.

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

Latin American renewable energy company Orazul Energía is looking to raise up to $550m of funding for its Peruvian operations in what would be its first international bond sale.

Central America’s largest electricity distribution company could make its debut in international bond markets next week after mandating three banks to arrange an investor roadshow.

Argentine province Neuquén began meeting fixed income investors on Monday as it looks to issue a second international bond in two years.

A glimpse of the future has arrived with the publication of a report modelling the credit risk banks face from drought. The effect on loan portfolios could be severe — and the research illustrates the new kinds of risk management banks will have to do as the world’s climate becomes more volatile.

No Latin American borrowers tapped international bond markets this week as most of the region takes an extended break for Easter, but Argentina is once again providing most of the excitement.