Paraguay

Structural reforms build ratings agency's confidence in LatAm performer

South American supra looking to diversify away from Swiss francs

It was easy for Paraguay to catch the eye of young fans following 1990s football

Solid credit story and small size help sovereign to slimmer concession than other EM deals

Borrowers push on but can't pay up much more, say bankers

South American supra is hitting its operational and lending targets

Frigorífico Concepción, the Paraguay beef exporter, sold its largest and tightest ever bond on Wednesday as it looked to continue its rapid expansion.

Frigorífico Concepción, the Paraguay beef exporter, is looking to sell new bonds to refinance its senior secured 2025s just six months after it last tapped the notes.

Bond markets continue to offer Latin American sovereigns tight pricing down the dollar curve, with Panama and Paraguay on Wednesday becoming the latest pair to price dual tranche deals. But with rates curves having steepened this month amid the expectation of higher rates in the long term, bankers are sensing that the 10 year is becoming the sweet spot on the maturity curve.

In what is likely to have been the final Latin America new bond issue of 2020, Paraguayan beef exporter Frigorífico Concepción added $21m to its January 2025s in a small tap on Friday.

Paraguayan beef exporter Frigorífico Concepción held calls with bond investors on Monday as it looks to tap its only international bond for the second time.

Paraguay’s largest commercial lender, Banco Continental, hopes its planned issuance of sustainability bonds will be an example for other issuers to follow, stating in its sustainability bond framework that its commitment to sustainable development is “inherently linked” to Paraguay’s historical dependence on the agriculture and livestock sectors.