Latin America

BBVA is shuffling several senior bankers in its global project finance team, after its global head of energy project finance departed to take up a role at ING Capital in New York.

South American development bank Corporación Andina de Fomento (CAF) returned to the dollar market this week with a $1bn five year fixed-rate note.

Multibank, the Panamanian bank, will begin investor meetings on Tuesday ahead of a proposed senior unsecured bond issuance in the US dollar market.

Grupo Bimbo, the Mexico-headquartered baked goods group, will begin meeting fixed income investors on Wednesday ahead of what would be its first cross-border issuance in over three years.

Corporación Andina de Fomento (CAF) is this week set to bring its second dollar benchmark of the year, the proceeds from which will be used to pay off a $1bn floating rate note maturing next year.

Market analysts are confident that Venezuela's PDVSA can make imminent debt payments, but there is little consensus beyond that after the oil company waited until the last possible moment to release funds for a principal payment on Friday.

Latin America’s most prolific issuer of the last two years is hoping to make its expected return to the euro-denominated bond market on Thursday.

Pan-Latin American power generator and distributor Inkia Energy is meeting fixed income investors this week ahead of a planned 10 year bond issue.

Latin American development bank Corporación Andina de Fomento (CAF) is gearing up for its debut Panda bond before the end of 2017, which would make it the first in the format from South America. But the deal will only go ahead if the People’s Bank of China fulfills its promise of making the issuance process easier for foreign borrowers, the issuer told GlobalRMB.

As Venezuela edges closer to a catastrophic default, bond issue markets in Latin America continued to thrive this week as three Lat Am borrowers snatched blow-out deals.

Argentine stocks and bonds enjoyed a strong week after President Mauricio Macri’s Cambiemos coalition’s impressive showing in mid-term elections on October 22, and one issuer has wasted no time in jumping on the improving sentiment.

Venezuelan oil giant PDVSA left bondholders clueless on Thursday evening as to whether it would make a $985m amortisation and interest payment on time on Friday, with some calling the chances of a large and ugly default no better than a coin toss, writes Oliver West.