LatAm Bonds
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Chile’s state-owned copper producer Coldelco bravely reopened the Latin American corporate bond market this week with a $600m global issue at a fair but sizeable premium, illustrating investor demand for high-quality paper with juicy yields.
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Citigroup is unlikely to sell off its Mexican and Brazilian subsidiaries in the near-term due to their stronger relative growth prospects, analysts said this week as the beleaguered US bank unveiled a new business model amid horrific quarterly losses.