LatAm Bonds

Barbados has chosen banks for a bond deal of up to $500m coupled with an liability management exercise, according to LatAm debt bankers.

Marfrig Alimentos has picked banks for a $750m bond deal, which syndicate officials away from the transaction expect to be at least seven years in duration. But the single-B rated borrower will have to wait for others to re-open the LatAM market, they said.

The Latin America market has a packed pipeline set to restart supply with Brazilian and Chilean names among the line-up, though roadshows for the CEEMEA region are yet to emerge.

Svenska Handelsbanken drew praise from bankers for more than doubling the size of its long six year Swiss franc deal, as activity in the currency picked up this week.

Dealogic league tables of bond transactions, August 28, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

Dealogic league tables of bond transactions, August 28, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

Dealogic league tables of loans transactions, August 30, 2013.

Commonwealth Bank of Australia and Banco de Crédito e Inversiones gave the Swiss franc market a very foreign feel on Thursday morning, and were set to put Sfr400m on the market between them.

The LatAM market has a packed pipeline set to restart supply with Brazilian and Chilean names among the line-up, though roadshows for the CEEMEA region are yet to emerge.

Sovereign, supranational and agency bond markets have roared back into life following one of the quietest summers of recent years. Borrowers got a bevy of large, oversubscribed deals away in dollars and euros, and there’s plenty more in the pipeline — around 10 borrowers are looking at dollar deals over the next month, and if issuance conditions remain attractive the number could be even higher.

Barbados has chosen banks for a bond deal of up to $500m coupled with an liability management exercise, according to LatAm debt bankers.

The green shoots of EM bond market activity are mostly being seen in Latin America this week as those issuers hope to hit a market window before the US Federal Open Market Committee meeting in mid-September.