LatAm Bonds
-
-
The Province of Quebec’s return to the dollar market after an 18 month absence was a solidly US affair with almost 90% of the $1.25bn 10 year global bond sold to top quality US asset managers, banks, official institutions and pension and insurance companies.
-
The Republic of Guatemala is working towards becoming a regular issuer in international capital markets, the sovereign’s finance ministry told EuroWeek after a 15 year issue that was seemingly immune to a wider sell-off in Latin American credit.
-
Brazilian airline Gol Linhas Aereas Inteligentes will seek to raise around $300m of up to 10 year money to refinance existing debt as the bond market continues to be receptive of single B Latin American companies.
-
Chilean retail group SMU is expected to price a debut international bond on Tuesday after releasing price guidance in the high 7%-8% area, according to a banker close to the deal.
-
Cementos Pacasmayo priced a heavily oversubscribed debut international bond at the tight end of guidance on Friday as the LatAm new issue market remained strong despite some slight softening in high yield names after a long rally.
-
Demand for Latin American credits may have little room for improvement as bumper books continue to provide borrowers with low financing costs, according to some LatAm DCM bankers.
-
Having seen BBB bond issuers like Colombia and Pemex take the headlines with bumper orderbooks last week, high yield firms are set to return to take advantage of momentum in Latin American debt markets.
-
Most Peruvian companies large enough to issue in the international bond markets are considering doing so, according to one Lima-based corporate finance banker. But although fishmeal firm Pesquera Exalmar successfully priced a $200m seven-year debut issue at the end of last week, there is still some reticence among certain Peruvian corporates about financing themselves in the bond market.