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Three Latin American companies are meeting investors as bankers say that, despite erratic secondary markets, demand remains given low levels of corporate supply.

An erratic market tone brought contrasting fortunes to this week’s LatAm new issues as the region’s corporate supply line finally picked up.

With hopes high among debt bankers that Brazil could become a core source of green bond issues, BR Foods (BRF) sold the first environmentally friend bond from the country last Friday.

And it traded up. Even the most cynical Brazil bears struggled to criticise Petrobras’s remarkable $2.5bn century bond — the largest 100 year issue by any borrower — that blew open capital markets access for the troubled oil giant.

While the institutional derivatives audience has remained largely oblivious to low cost web based so-called roboadvisors — quantitative allocators that provide comprehensive portfolio services for individual investors — a new company is the first in what is likely to become a trend of overlay managers relying on models and cloud computing rather than human experience.

The corporate reverse Yankee market — or, put plainly, US borrowers tapping the euro market — had a great start to the year, leading many bankers to declare it a permanent fixture of the European capital markets.

Well executed euro benchmarks this week brought hope that public sector borrowers are learning to deal with difficult primary market conditions — and valuing their banks a bit more.

The FRN market broke new ground in April when Euribor went below 0%. But now it faces its first negative payment test as a near decade old Rabobank floater nears a coupon date with destiny, reports Jonathan Breen.

Volatility forced some issuers to the sidelines while others paid up to take the plunge this week, as the US high grade bond market suffered a choppy start to June.

Morgan Stanley has become the first pure play US investment bank to issue a green bond, with a $500m self-led deal placed in the US on Wednesday.

ABN Amro this week issued the first FIG senior green bond in euros, pricing at what, by recent standards, was a slim premium to its secondary curve despite less than favourable market conditions.

Prudential plc was happy to swallow a hefty new issue premium to print sterling tier two this week, while prospective euro issuers are having their nerves shredded by rates moves.