LatAm Bonds
-
Autobahnen und Schnellstrassen Finanzierungs (Asfinag), the Austrian government guaranteed agency, had to pay a very high spread for its only benchmark of 2008 this week, a Eu1bn five year bond.
-
The success this week of the inaugural transaction for Société de Financement de l’Economie Française (SFEF) blew away any doubts the market might have had about its ability to attract international investors and meet its pricing ambitions.
-
Latin American sovereigns are likely to re-open the new issue market early next year, followed by blue-chip Russian borrowers, disheartened emerging market debt bankers said this week as the global equity slump brought an end to the EM bond rally.
-
Société de Financement de l’Economie Française’s debut bond issue, due next week, is set to come comfortably inside UK government guaranteed bank debt thanks to its agency status and tighter state support.