Latin America

Santa Fe wants to raise a further $250m of senior unsecured bonds, according to investors, in what would be the fifth sale by an Argentine province this year.

Argentine airport operator Aeropuertos Argentina 2000 has bought back all of its remaining 10.75% bonds due 2020, according to a regulatory filing.

Latin America bond investors said that hopes of Bolivia’s new bonds receiving strong support from local buyers allowed the sovereign to print a new deal well inside better rated credits on Monday.

Raghsa, the Argentine real estate company, is likely to price a seven year bond on Wednesday after setting initial price thoughts at 7.5%.

Santander has looked internally to replace its departing head of Latin American debt capital markets, GlobalCapital understands.

Bank of America Merrill Lynch has hired Ricardo Fernandez Rebolledo from Credit Suisse as head of Mexico investment banking.

Syndicate bankers often joke that Brazil issuing is a sign that it’s time to sell Latin American bonds, and a sell-off indeed began this week just as the sovereign was pricing its latest deal. But market jitters should not distract from an improving picture in the country.

The Brazilian sovereign pounced on the best of this week’s issuance conditions but then saw its bonds widen alongside a broader sell-off in markets later in the week — though this did not deter two companies from the country from issuing.

Auto parts supplier Nemak became the third Mexican borrower to issue in euros in 2017, tightening pricing three times on the way to a €500m seven year non-call three bond.

South American development bank CAF sold its largest ever bond in Australian dollars on Tuesday, pricing a new 10.5 year deal through its existing curve thanks in part to strong demand from Japanese investors.

Bondholders of Belize’s struggling superbond have backed the government’s amendments to a restructuring proposal after the borrower finally ceded ground during negotiations.

Meatpacker Marfrig sold $750m of seven year non-call three bonds on Wednesday as Brazilian issuers take centre stage in Latin American primary markets after a great run in secondary.