LatAm Bonds

Table commentary

Petrobras postponed the tightly priced $500m reopening of its global 2016 bond this week after failing to attract enough investors, sparking fears that the region’s borrowers are ignoring new pricing levels and disappointing hopes that the issue would jumpstart cross-border issuance.

The bottomless pit of demand from reserve managers for dollar assets this week supported a trio of exceptional transactions from public sector borrowers — Cades and Ontario in three years and European Investment Bank in seven.

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