South America
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Sovereign raises $2.5bn-equivalent in local currency to fund bond buy-back -
Credit crunch for high yield names likely to lead to more defaults as struggling companies find no bid
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More than half of $2.2bn-equivalent social bond went to international investors
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Bankers spot IPTs 50bp-60bp back of secondary levels
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Issuance discussions with the region's companies are constructive but investors remain cautious
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LatAm public sector bond issuers continue to fetch impressive execution
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DCM bankers encouraged by reception for first non-sovereign LatAm trade in over a month
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Demand for sovereign deal brings hopes that corporate supply will follow
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Manageable maturity profile not enough to stop bondholders fleeing
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Third of Chilean coal plant operator's bondholders agree to deal S&P describes as a ‘default’
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CFO says MTN programme would be ‘passport’ to new markets
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In torrid markets, LatAm corp bond buyers are being extremely unforgiving of bad credit news — and defaults could loom
