Latin America

Chilean electricity company Enel Chile will meet fixed income investors from Friday attempting to find the light at the end of a relatively dark month for Latin American markets.

Former Colombian president and one time market darling Álvaro Uribe’s cherry-picked candidate won the first round of the presidential election on Sunday, giving investors some relief amid tough markets.

Colombia’s inter-parliamentary Public Credit Commission on Tuesday approved a sovereign guarantee to Empresa Metro de Bogotá, the company managing the proposed construction of the city’s first subway line, opening the possibility of a bond issue.

Chiles’s largest utility by installed capacity and number of clients is looking to become the first Latin American investment-grade company to tap dollar markets since May 3, after announcing investor meetings ahead of a proposed SEC-registered benchmark.

Turkish assets have performed this week after a long period of weakness with two emerging markets portfolio managers saying that the worst of the volatility in the lira exchange rate may have passed.

Colombia’s inter-parliamentary Public Credit Commission on Tuesday approved a sovereign guarantee to Empresa Metro de Bogotá, the company managing the proposed construction of the city’s first subway line, opening the possibility of a bond issue.

Public holidays in the US and UK gave bond markets an extra 24 hours to digest the results of Sunday’s presidential election in Colombia, though analysts are expecting little change as the first round of the vote went as expected.

Hunt Oil Company of Peru on Thursday sold the largest dollar-denominated bond deal from a Latin American issuer this month. Syndicate bankers took the deal as a positive even though investors said the issuer had been generous with pricing.

Nicolás Maduro’s comfortable and predicted victory in Sunday’s highly questioned presidential elections in Venezuela has reaffirmed the view of many bondholders that improvements in the crisis-stricken country are some way off.

Petrobras yet again asked certain bondholders to reduce their exposure to the company via a tender offer this week — and a sell-off in the Brazilian company’s bonds, after it announced a temporary cut in diesel prices, is likely to help the cause.

South American development bank CAF (Corporación Andina de Fomento) sold its first ever green bond this week, raising Ps150bn ($52.2m) of Colombian peso-denominated bonds.

South American development bank CAF (Corporación Andina de Fomento) sold its first ever green bond this week, raising Ps150bn ($52.2m) of Colombian peso-denominated bonds.