LatAm Bonds

Argentine oil company Compañía General de Combustibles and lender Banco Macro joined Trinidadian utility name Trinidad Generation Unlimited (TGU) in the Latin America and Caribbean bond pipeline this week as debut issuers looked to take advantage of strong funding conditions.

Electric utility company Enersis Americas received a raucous reception from investors this week as it sold just the third Chilean corporate bond in dollar markets of 2016.

Tanner Servicios Financieros reignited Chilean issuers' involvement in the Swiss franc bond market on Wednesday by issuing a Sfr150m ($151.7m) three year note.

State-owned Trinidadian power plant Trinidad Generation Unlimited (TGU) began meeting investors on Wednesday ahead of a planned bond debut.

Suriname’s claims to be turning around its public finances found traction with bond investors after the sovereign’s debut international bond was priced tighter than many market participants expected on Wednesday.

The Argentine province of Santa Fe will begin a roadshow on Wednesday ahead of a much-anticipated international bond market debut.

Panamanian lender Global Bank saw its new five year bonds trade up 50 cents on Friday as an improved credit profile allows the bank to buy back covered bonds using senior unsecured debt.

The Province of Buenos Aires tapped its existing 2019s and 2027s for a total of $750m on Friday to take advantage of still favourable market conditions as syndicate bankers said there was no good reason for borrowers to delay issuance plans.

Panamanian lender Global Bank saw its new five year bonds trade up 50 cents on Friday as an improved credit profile allows the bank to buy back covered bonds using senior unsecured debt.

Almost 72% of noteholders have participated early in the Panamanian covered bond lender’s tender offer.

CFE provided a strong base for fellow Mexican quasi-sovereign Nacional Financiera to issue as soon as next week after selling a long 10 year bond on Tuesday that tightened 10bp-12bp in the two days after pricing.

Bolivia-headquartered multilateral lender Fonplata could issue a debut bond in 2018 after securing a capital increase from its five members earlier this year, its executive president Juan Notaro told GlobalCapital.