LatAm Bonds

Dealogic league tables of loans transactions, October 3, 2013.

Dealogic league tables of bond transactions, October 2, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

Year to Date Latin America DCM Bookrunner Ranking

The Government of Barbados has indicated price talk of 8.75% yield area for its new 2025s, but pricing has been delayed after the country pushed back the deadline for a tender offer for its 2021 and 2022 bonds by 24 hours.

Biosev, the Brazilian arm of commodities group Louis Dreyfus, will begin a roadshow on Tuesday before a potential senior unsecured bond issue of $500m.

Government-controlled Argentine oil company YPF’s first international bond for 15 years does not mean the doors are open for other issuers from the country, say Latin American bond bankers.

Mexican cement company Cemex’s clean-up of its debt profile continued apace on Friday as it returned to its new 2018 floating rate notes for an additional $100m.

Mexico’s more generous approach to pricing than fellow LatAm sovereign Colombia allowed it to sell a $3.9bn 10 year bond as part of a liability management exercise on Monday, clearing the way for two further LatAm LM deals (see story below).

Latin American McDonald’s franchisee Arcos Dorados and Mexican cement company Cemex followed Mexico’s liability management transaction with LM exercises of their own this week. LatAm issuers and bankers saw supportive conditions continue in the week after the Fed’s decision to not yet taper its asset purchasing programme.

Dealogic league tables of loans transactions, September 26, 2013.

Dealogic league tables of bond transactions, September 25, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

Dealogic league tables of bond transactions, September 25, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.