LatAm Bonds
-
After a punishing week in the triple-A dollar bond market, when deals for Rentenbank and Council of Europe were rocked by successive waves of gloomy news on the US economy, fixed income specialists were eager to find out yesterday (Thursday) whether KfW would take the daring step of launching a 10 year dollar deal.
-
Mexico reached a deal to restructure $400m of Cuban debt this week in an effort to boost commercial relations between the two countries, sparking growing optimism that Cuba’s sovereign debt market may eventually normalise as the Communist state enters a transitional phase.
-
Last week’s botched attempt by Petrobras to tap its global 2016 bonds again highlights a worrying intransigence among emerging market borrowers. It’s time the message was delivered loud and clear: “pay up or shut up”.