Brazil

Brazilian telecoms giant Oi’s bonds fell in secondary markets after the company filed a restructuring proposal at a Rio de Janeiro court on Monday night.

Emerging market economic growth managed to hang on to much of its momentum over August, according to the latest release of the IHS Markit Emerging Market Composite PMI index.

Three Latin American corporates announced roadshow plans on Wednesday as appetite for EM credit shows no sign of softening.

Brazilian meatpacker Minerva announced initial price thoughts of 7% on Wednesday afternoon for a benchmark sized 10 year non-call five deal to fund a tender offer.

Gulf supply remained the dominant theme in CEEMEA bonds again this week as markets reopened in buoyant mood after Monday’s US holiday.

Brazilian meatpacker Minerva will opt for a 10 year maturity when it returns to bond markets, according to Standard & Poor’s.

Telecoms giant Oi filed a restructuring proposal at a Rio de Janeiro court on Monday night as it seeks consensus on the largest bankruptcy in Brazilian history.

Brazilian meatpacker Minerva should be the first of many Latin American issuers to hit cross-border new issue markets in September, said bankers, as a quiet period of primary activity and continued fund inflows have left investors hungry for paper.

BTG Pactual has rehired its former head of Lat Am fixed income syndicate just eight months after letting her go.

The Brazilian senate’s vote to formally remove president Dilma Rousseff from office had already been priced into bond markets, according to bankers, though the vote appeared to have done no harm to issuance chances as Minerva announced a roadshow on Wednesday.

trueEX, a New York based interest rate swap trading platform, has begun providing execution of Brazilian real swaps cleared at CME Group.

trueEX, the interest rate swap trading platform, has begun providing execution of Brazilian real swaps cleared at CME Group.