LatAm Bonds
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Despite the downgrades of 15 major global banks by Moody’s on Thursday night, market participants said the move could help unclog FIG funding markets if banks moved to print with the ratings actions out of the way.
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Banco do Brasil took the three leads on its latest tier two transaction by surprise on Tuesday, adding a fourth bookrunner after its $750m long 10 year deal had been priced.
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A week that had seen an initial bout of euphoria quickly evaporate as investors became disenchanted with Spain’s bail-out appeared on Thursday night to be inching towards more positive territory.
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