Central America

Fresnillo, the Mexican mining company, notched a first bond in seven years close to where bankers spotted fair value on Tuesday to reassure market participants that issuance are good for strong credits.

Fresnillo plc, the Mexican mining company, will begin meeting fixed income investors on Wednesday as it becomes the latest Latin American company to seek new bonds to fund a repurchase of old ones.

Japan could be Mexico's next debt raising destination on its quest to build a "sustainable yield curve," following last week's bond linked to the UN's Sustainable Development Goals, said Gabriel Yorio, the country's deputy finance minister.

BBVA’s Mexican subsidiary made an opportunistic return to the international markets on Tuesday, raising dollar funding at a record low cost ahead of a bond maturing next March.

BBVA’s Mexican subsidiary, Bancomer, on Tuesday provided one of the clearest examples yet of the attractiveness of international bond markets for Latin American borrowers as it notched the lowest ever coupon on a dollar deal from a bank from the region.

Seven months after it visited European investors to market the idea, Mexico sold the first sovereign bond explicitly aligned to the United Nations’ Sustainable Development Goals (SDG) on Monday, saying it was the first step on the way to building an external yield curve of sustainable bonds.

Mexican cement producer Cemex sold its second dollar bond in three months on Monday, fetching lower pricing at a longer maturity than on its June outing as observers saw a slim new issue concession amid what one analyst called recent “insatiable” demand for the credit.

BBVA’s Mexican subsidiary BBVA Bancomer is looking for its first international bond in a year after mandating banks to lead a senior unsecured deal.

Private Mexican energy company Infraestructura Energética Nova (IENova) began calls with fixed income investors on Wednesday as it plans a second visit to international bond markets.

Government-owned lender Banco Nacional de Costa Rica (BNCR) will use cash to finance a buy-back for a portion of senior bonds maturing in 2023, sources close to the borrower told GlobalCapital on Tuesday.

A bumper order book allowed Mexican bottling company Coca-Cola Femsa to sell a debut green bond inside guidance and inside its own curve this week, as the green aspect of the deal further broadened the audience for a credit that already holds diverse appeal.

Coca-Cola Femsa, the world’s largest franchised Coca-Cola bottler, is preparing to sell a debut green bond that it says it will use to finance its transition towards low-carbon operations and minimise its exposure to environmental risks.