Central America

Central American multilateral raises Sfr200m of 10 year paper

Improving credit metrics assuage investor concerns about controversial owner

Central American multilateral is planning a return to the Swiss market after selling social bonds in US and Mexican markets

Eyes will be on the premium investors charge Mexican telco for its ownership by Grupo Salinas

World’s largest bottler considers raising up to $500m-equivalent in Mexican pesos

Deutsche Bank has hired from ING to replace a recent departure in its Latin American debt capital markets team, and the German bank’s head of LatAm DCM told GlobalCapital that he hoped to build around the new hire.

Mexican state-owned utility Comisión Federal de Electricidad (CFE) sold $850m of 12 year bonds on Tuesday on its second visit to international markets this year.

Mexican real estate investment trust (Reit) Fibra Soma debuted in international bond markets on Thursday with a $600m deal. Investors said it offered an attractive spread over its larger, more established competitor Fibra Uno.

Fibra Soma, a recently created Mexican real estate investment trust (Reit), began meeting fixed income investors on Monday ahead of what would be an inaugural international bond deal.

Armando Tamez, CEO of Mexican car parts maker Nemak, told GlobalCapital that the company sees “great potential” in sustainability-linked bonds, adding that it would be “natural” for Nemak to continue to consider issuing SLBs in the future.

Mexican car parts maker Nemak sold its second sustainability-linked bond in a month on Wednesday, raising €500m in a deal that bankers said marked the company’s migration from high yield to investment grade covenants — though it has just one IG rating.

On Tuesday, Mexico sold its second international bond explicitly aligned to the United Nations’ Sustainable Development Goals, printing the 15 year note at the same spread over mid-swaps at which it had sold a seven year SDG bond in September.