LatAm Bonds

The imminent end of the world — at least according to the Mayan civilisation — is credit-negative for Europe’s financial institutions, said rating agency Spoody’s in a report on Friday. The expected meteorite impact alone is likely to kill most of the continent’s population, while the ensuing flood brought on by a 100ft wall of water will drown the remainder. But the deluge could also hurt sentiment on peripheral Europe’s nascent recovery, the rating agency said.

European government bond markets will have to find something else to worry about for the next few months, following this week’s successful buyback of Greek PSI bonds.

Citi has regained the top spot in the global bookrunner tables for Latin America this year — the first time since 2009, according to Dealogic data.

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Scotiabank’s Peruvian subsidiary ticked investors’ boxes with an inaugural tier two and Telefónica Celular del Paraguay (Telecel) found healthy demand for a high yield dollar debut in an otherwise quiet week for Latin American bond markets.