LatAm Bonds
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Canada Mortgage and Housing Corp’s (CMHC) C$12.5bn ($12.3bn) of global issuance this week establishes another record for the Canada Mortgage Bond (CMB) programme, and reflects the growing need of mortgage originators in Canada as the Canadian housing market goes from strength to strength.
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BRAZIL’S speculative grade companies Banco Pine and Arantes both issued international bonds this week, highlighting the liquid demand for certain lower tier credits at the right price, bankers said. Nevertheless, the US Treasury sell-off marred this latest boost to the new issue market.