Latin America
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Government borrowing costs are rising on local and international markets, and credit ratings are falling -
Sovereign also added $300m to a long-dated dollar note
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The country will use all the money raised for liability management
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The sovereign is ramping up overseas issuance, plans to branch out into new currencies
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Bankers expect another quiet week or two unless sovereigns dip into the market
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Another defaulter, Argentina, likely to tap market this year
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Investors hope a new government can sort out country's fiscal mess
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Mexico paid a similar new issue premium for its $9bn deal last week
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New issue premiums were slim for the LatAm sovereign duo
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It will take years and huge amounts of money to get Venezuela in a state to restructure its debt
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Oil reforms are needed for debt repayment to restart, but will be difficult to accomplish
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Investors welcome country's efforts to reduce bulging debt burden, but there is nagging worry
