Central America
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Mexican oil company reasserts market access with impressive execution but investors seek more sustainable solution -
Official institutions and agencies drive demand for Central American development bank
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Despite president’s defiance, market still prices in default amid limited financing sources
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Buying back debt cheaply does nothing for long-term debt sustainability nor bond market access
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Lender’s dollar bond could push region’s smaller issuers to “get off the fence” and restart issuing
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Tangelo, the issuer formerly known as Mexarrend and Docuformas, will not make coupon payment on January 24
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Rare single-B name notches $400m but costs too high for most
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As a single-B rated credit, Liberty Costa Rica would be an unusual reopener for LatAm corporate bond issues
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Secondary performance suggests additional demand but public credit head happy to kick off funding early
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Sovereigns find exceptional issuance window but market still fragile
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Small size divides opinion but default looks unlikely in the short term
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Leasing firm seeks to avoid fate of other Mexican non-bank lenders
