Latin America
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Driving pricing lower was the small size and the green label -
Financial institutions triple issuance in the currency this year, while corporates make greater use of euro and sterling taps
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The country regained Eurobond market access earlier this year, but may not need to print for a while
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Uruguay did not pay much new issue premium, if any
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A normalisation of Argentinian borrower access to markets has helped spur issuance
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Issuance in euros by LatAm & Caribbean sovereigns is at record levels
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The sovereign priced inside paper of similar maturity from Brazil and Colombia
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Issuer closes its first overseas trade since Moody's downgrade in May
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Progress to bring down government deficit will be slow, warn economists
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It will be better for all in the long run if Venezuela can prioritise domestic spending over debt repayments
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◆ Venezuela embarks on historic debt restructuring ◆ Canada suggests covered bond boost ◆ European Secured Notes are here. Regulate them
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It is not clear what needs to be restructured, and the coming debt analysis may lack credibility
