Latin America

Cerro del Aguila, the Peruvian power generator, began investor meetings on Wednesday ahead of a planned international bond debut that will conclude with the merger of the borrower and existing bond issuer Kallpa Generación.

Leads on Mexican broadcaster TV Azteca’s planned $350m seven year non-call four bond told investors on Tuesday evening that orders had reached $800m, as it looks to price the bond on Wednesday.

The rarity of corporate new issues from Panama allowed both lender Banco General and the capital city’s metro operator to price bonds tight to the sovereign curve on Monday.

Codelco, the Chilean copper miner that raised $2.75bn of debt last week to fund a tender offer of several bonds, will buy back just over half of its 2019s, 2020s and 2021s after wrapping up the so-called “any and all” leg of the tender offer.

An issuance vehicle behind Panamá’s proposed second metro line, which saw construction begin in October 2015, is looking to sell $619m of senior secured notes on Monday after announcing initial price thoughts of low 4%.

Colombia’s second largest lender Banco de Bogotá timed to perfection its return to international bond markets on Thursday, taking advantage of low levels of new issue supply from the jurisdiction so far this year to price a $600m 10 year senior unsecured bond.

Latin American bond markets are in no mood for a summer break yet, with three credits meeting fixed income investors this week.

Lat Am bond bankers praised Chilean copper miner Codelco for the timing and execution of its first new issue in nearly two years, after the issuer priced a new dual-tranche note flat to its curve and saw it edge tighter in secondary.

Mexican broadcaster TV Azteca is on the road with three banks ahead of a planned international bond sale as it looks to refinance existing debt.

Deutsche Bank has appointed a new head of Latin America debt capital markets after promoting from within, according to sources with knowledge of the move.

Deutsche Bank has appointed a new head of Latin America debt capital markets after promoting from within, according to sources with knowledge of the move.

Supply continued to seep into CEEMEA bond markets at the start of the week despite the looming summer slowdown and Wednesday’s US Federal Open Markets Committee meeting.