LatAm Bonds

The stage is set for a flurry of final deals from CEEMEA borrowers in the run up to year-end. African sovereigns, Turkish banks and Russian corporations are among the candidates likely to help carry CEEMEA issuance to a new yearly record.

Pacific Rubiales’ second bond in eight days was trading close to reoffer on Tuesday as the Thanksgiving holiday in the US on Thursday looked set to kill off any further activity this week to LatAm bonds.

Banco do Brasil is set to sell its debut syndication in Swiss francs on Tuesday afternoon, tapping into strong demand for Latin credit from the Swiss investor base.

Colombia’s largest private oil and gas company Pacific Rubiales returned to the bond markets just seven days after its last deal to tap its 2021 bond for a further $300m on Monday.

Panama tapped its January 2020s for $500m late Thursday after upping the size of a tender for its 2015 global notes.

Standard & Poor’s has published its new corporate rating criteria, bringing to an end a very extensive global consultation process that began at the end of June.

Year to Date Latin America DCM Bookrunner Ranking

Mexican state oil firm Pemex has opted for a seven year maturity for its first euro outing in more than four years, which is expected to be priced today.

Coca-Cola Femsa (KOF) made a triumphant return to the global bond market on Tuesday, pricing the largest dollar deal from a privately held Latin American corporate in more than two years.

The CEEMEA bond market is firing on all cylinders, with Hungary and Vnesheconombank printing $2bn apiece and Croatia racking up $1.75bn of pre-funding. The bond flow shows no signs of slowing as the year end approaches, with Serbia being touted to price before the end of the week.

Colombian energy company Empresa de Energía de Bogotá (EEB) tapped its existing dollar bonds due November 2021 for a further $112m on Friday via a private placement.

The Republic of Panamá is hoping to buy back some of its $962.295m of 7.25% bonds due 2015, it said on Friday.