Brazil

Brazilian lender Banco Daycoval sold a new five year senior unsecured dollar bond on Friday, coming some 25bp inside where its compatriot BTG Pactual had priced a similar deal earlier on Tuesday.

Banco Daycoval looked set to become the second Brazilian lender to price a five year senior unsecured bond after setting guidance on Thursday afternoon, as markets appeared to shrug off US president Donald Trump’s latest tariff threat.

Brazilian construction and engineering firm Andrade Gutierrez finally looks set to push out a looming bond maturity after an exchange offer found better take-up than a new issue and tender.

Brazilian investment bank BTG Pactual sold senior debt abroad for the first time in nearly two years on Tuesday, opting to push on despite volatile conditions as trade fears again worry investors.

Bond buyers and bankers said that a relatively quiet year for financial institution issuance in Latin America should ensure a warm reception to three banks from the region which are lining up bond deals.

As Latin America's international bond markets took an extended break for the US Thanksgiving holiday, a Brazilian lender is set to give investors more food for thought in December with a senior unsecured issue.

Mexican polyethylene producer Braskem Idesa clinched a debut bond issue on Monday, as potential positive credit triggers and highly attractive pricing outweighed doubts regarding a supply contract with Pemex.

Brazilian investment bank BTG Pactual will begin fixed income investor meetings on Wednesday ahead of a proposed senior unsecured bond that market participants expect will be well received.

Two days after canceling a tender offer it had planned to finance with a private placement (PP), Brazilian engineering and construction firm Andrade Gutierrez has launched an exchange offer seeking a similar result.

Two days after cancelling a tender offer that it had planned to finance with a private placement, Brazilian engineering and construction firm Andrade Gutierrez has launched an exchange offer seeking a similar result.

Brazilian engineering and construction firm Andrade Gutierrez has cancelled the buy-back of its bond maturing in 2021 after failing to sell a new five year bond, saying it expects to announce a revised transaction soon.

Some Brazilian bankers may be dumbfounded that their country and its highly unpopular president is considered a safe haven, but hope that Latin America’s sleeping giant is on the cusp of an upswing is driving demand for the country’s issuers amid social unrest elsewhere in the continent.