LatAm Bonds
-
The holding company of Montevideo’s Carrasco International Airport has hired Bank of America Merrill Lynch and Nomura to manage a three day roadshow, ahead of a senior secured project bond that could potentially be used to pay a dividend to shareholders. -
Conditions may be optimal for Latin American borrowers to make up for lost time and issue international bonds this week as the April rally continued, but no one from the region issued in dollars this week.
-
Mexico’s funding head admitted to GlobalCapital that extending the sovereign’s euro-denominated curve to the 100 year point was not an “end in itself”, but said the deal was part of its broader external debt issuance strategy.
-
-
Mexico made yet more capital markets history on Wednesday with the first ever euro denominated century bond for a sovereign issuer. But though some bankers claimed the deal came very cheap to comps, it came at a very low absolute cost for the maturity.
-
Colombia’s head of public credit and national treasury Michel Janna Gandur has resigned from his position to become vice president of finance at Ecopetrol’s transport and logistics subsidiary Cenit.
-
United Mexican States is out with the first ever euro denominated century sovereign bond as it looks to complete its 100 year bond hat-trick.
-
DCM bankers covering Colombian energy company EEB said they expect competition for the mandate to manage the company’s next bond will heat up after the issuer detailed its liability management plans in a presentation filed with the local regulator.
-
Quiet secondary markets over the Easter weekend did not prevent Latin American credit from showing positive price action ahead of what bankers hope will be a strong window for corporate issuance to recover.
-
Investment bank Itaú BBA has hired Carlos Phillips as head of its debt capital markets business in Mexico as the Brazilian institution said that Mexican bond markets would be the next step in expanding beyond its home market.
-
With Latin America new issuance volumes 25% down on this time last year, bankers are hoping that Easter may give way to a strong issuance window. But the pipeline remains empty.
-
Peru’s widely praised work in finding innovative structures for project bonds was taken international on Tuesday by fibre optic cable network project Red Dorsal.
