LatAm Bonds

Dealogic league tables of total revenue transactions, June 20, 2013. Including Investment Banking, Debt Capital Markets, Equity Capital Markets, Mergers & Acquisitions and Syndicated Loan revenues.

Dealogic league tables of bond transactions, June 19, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

Year to Date Latin America DCM Bookrunner Ranking

Latin American bond market participants said that borrowers should be preparing to issue, despite comments by US Federal Reserve chairman Ben Bernanke on Wednesday giving US Treasury yields another push higher.

Mexican president Enrique Peña Nieto’s reform of the telecoms market appears to be coming too late to save bondholders of Maxcom from taking a write-down on their debt.

Last year’s rally in Venezuelan bonds as Hugo Chávez neared the end of his tenure as president looks to have been even more misguided than some in the market had feared. Standard & Poor’s on Monday downgraded the sovereign from B+ to B.

Colombia’s finance minister has indicated the South American sovereign could decide not to raise the remaining $600m it had expected to print in the international bond markets in 2013, should multilateral financing prove more attractive.

Mexican retailer Grupo Famsa will buy back some $160.5m of its 2015 senior bonds after 80.23% of bondholders offered to tender the notes.

Dealogic league tables of loans transactions, June 13, 2013.

Dealogic league tables of bond transactions, June 12, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

State-owned Chilean bank Banco del Estado de Chile (Banco Estado) printed ¥24bn ($249m) of five year money on Tuesday, becoming the first borrower from the country to tap Japanese yen.

Odebrecht Drilling became on Thursday the first Latin American issuer to say it had put its borrowing plans on the sidelines until markets achieved stability. After two weeks without any dollar issuance at all from the region, DCM and syndicate bankers covering Latin America will take their lead from the US high grade and high yield markets before daring to reopen the new issue markets, as US Treasury volatility continues to rattle bond markets.