LatAm Bonds

Venezuela’s finance minister Rodrigo Cabezas said on Tuesday that the country will go ahead with its joint Bono del Sur III bond issue with Argentina this month. The sale was opened on August 11, but pulled two days later due to market volatility. (See EuroWeek 1017.)

Emerging market countries can see out the effects of a global credit crunch, according to research published this week.

Latin American bond markets showed some signs of life this week with a Mexican peso issue from Morgan Stanley, and Peruvian offerings from energy companies Edelnor and Edegel.