LatAm Bonds
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Three governments —Turkey, Colombia and Mexico — plunged into the bond market for the first time in 2008 on Tuesday, printing $4.5bn of deals that investors digested comfortably.
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Triple-A issuers went coolly through their paces in the international bond market this week, showing off their ability to fund in gargantuan sizes, while lower rated borrowers — outside the US and emerging markets — cowered in the shadows.
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Peru may sell up to $485.8m in sol denominated debt in the local market to repay outstanding Brady bonds in the first four months of this year, Emerging Markets can reveal. A spokesman at the finance ministry confirmed the cabinet has issued a decree for the proposed bond auction, although no date has been set. The sovereign is looking to redeem its front-loaded interest reduction Brady bonds (Flirb) bonds that mature in March 2017 and par bonds due March 2027.
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DIRE market conditions and fears over US growth continued to overwhelm Latin American issuers in first few days of the new year, with bankers praying high grade corporates would emerge from the ever-increasing deal pipeline and set a pricing benchmark, Euro