Latin America

The Central American Bank for Economic Integration (Cabei) has hired two banks as green structuring advisers and bookrunners as it plans its first dollar benchmark bond for seven years and first green bond in dollars.

Private Brazilian lender Banco Original will look to enter international bond markets with a $200m senior unsecured issue, according to rating agency reports.

Chilean power company Empresa Eléctrica Cochrane will meet bond investors this week as it looks to make a second attempt at becoming an international bond issuer.

Millicom’s Panamanian subsidiary Cable Onda had a smooth run on its first international bond outing after opting for a rare tactic in Latin America bond markets — a Friday pricing..

Bankers and market analysts said there was no sign bond markets were seriously concerned about continued social unrest in Chile, as pulp and wood panel producer Celulosa Arauco y Constitución eased its way to a $1bn dual tranche new issue this week.

Barbados prime minister Mia Mottley said she hoped more nations vulnerable to climate change would take steps to make their debt more resilient, after the Caribbean nation included a “natural disaster” clause in a restructuring agreement with international bondholders.

Cable Onda, the Panamanian subsidiary of pan-emerging markets telecoms group Millicom, is aiming to price a debut international bond on Friday, after releasing price talk late the day before.

Braskem, the Brazilian petrochemicals firm, is visiting fixed-income investors in the US and Europe as it looks to take advantage of low rates to refinance existing debt.

Just four days after extending the expiry date on an exchange offer, Telecom Argentina has given up trying to persuade bondholders to swap existing 2021s for a combination of longer-dated bonds and cash.

Brazilian petrochemicals firm Braskem will look to issue new debt to finance a tender offer for three different short-dated bonds.

Central American development bank Cabei will look to issue its first public green bond in around two weeks as it attempts to enter the universe of true SSA borrowers with a first dollar benchmark in seven years.

Brazilian port terminal owner Prumo Participações e Investimentos should be able to tighten pricing by quite some way on Tuesday after announcing initial price thoughts that offered a generous pick-up of to similarly rated Brazilian credits.