News content
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Pattern Energy Group is planning to print its first corporate bond this week with a $350m high yield offering that will primarily finance acquisitions of wind power projects from its developer-sponsor, Pattern Development.
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Loan facilities backing Mid Europa Partners’ acquisition of Romanian retail chain Profi Rom Food will go into general syndication this month, with a fifth bank joining the bookrunners and tranche prices having been indicated to ‘early bird’ lenders.
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GlobalCapital's handy table of recently priced corporate bond issues, with links to the stories about them.
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Central bank policies are diverging like never before, with the European Central Bank and Bank of Japan setting deeply negative rates — and the BoJ attempting to influence the longer end of the curve — while the US Federal Reserve is on a rate rising path. That dynamic throws up opportunities and challenges for public sector borrowers, writes Craig McGlashan.
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All eyes are on the renminbi this week with the currency set to officially enter the IMF’s special drawing rights (SDR) basket on Saturday. But what does that mean and why should you care? Here’s GlobalRMB’s quick guide to all you need to know.
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A green bond to be used to construct Mexico City’s new airport led the way for a storming day of issuance in Latin America on Thursday, leaving no doubt that EM debt markets are still hot.
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Brazilian cement company Votorantim Cimentos (VotoCim) began meeting fixed income investors on Thursday ahead of a potential bond issue that will be used to buy back one or two existing euro-denominated notes.
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The Republic of Argentina is set to continue its huge year of bond issuance with its first euro-denominated trade since its 2001 default. The announcement comes after the finance ministry said it would need to raise up to $15bn of international debt next year.
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Argentina will meet investors in Europe next week ahead of a potential euro-denominated bond issue that would be the first from the sovereign since its 2001 default.
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A serene summer came to an end this week as uncertainty over a possible US interest rate hike brought volatility back to EM bond markets just as slew of Lat Am borrowers were ready to issue.
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Venezuelan state oil giant PDVSA’s proposed debt swap could make its bonds an even more attractive prospect than some investors feel they already are, but economists warned it would do nothing to treat the country’s deep economic crisis.
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Mexican oil company Pemex pressed ahead with a new issue on a tough Tuesday in markets, raising $4bn of seven and 31 year bonds that both traded above par despite Lat Am credit in general remaining volatile on Wednesday and Thursday.